State ex rel. Pfister v. Widule
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county: W. J. TueNee, Circuit Judge. This is an appeal from a judgment entered in a certiorari proceeding setting aside assessments of income made in 1916 by the income tax board of review of Milwaukee county and confirmed by the Wisconsin tax commission, on account of income received during the years 1912, 1913, 1914, and 1915 by the stockholders in Prospect Hill Land Company as dividends on their stock in said…
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Appeal from a judgment of the circuit court for Milwaukee county: W. J. TueNee, Circuit Judge. This is an appeal from a judgment entered in a certiorari proceeding setting aside assessments of income made in 1916 by the income tax board of review of Milwaukee county and confirmed by the Wisconsin tax commission, on account of income received during the years 1912, 1913, 1914, and 1915 by the stockholders in Prospect Hill Land Company as dividends on their stock in said company. The amount assessed aggregated $236,676, from which was deducted $22,936, being the amount upon which the…
1Opinion of the CourtKeewiN, J.
Dividends derived from stock in a corporation are “income” within the meaning of the law. Sec. 1087m — 2, Stats. The present case is ruled by Van Dyke v. Milwaukee, 159 Wis. 460, 150 N. W. 509, therefore little need be said here. In the Van Dyke Case it was held that ordinary dividends derived from stock are conclusively presumed as against stockholders to be earnings or profit, therefore income under the Wisconsin Income Tax Law. Van Dyke v. Milwaukee, supra; Klar Piquett M. Co. v. Platteville, 163 Wis. 215, 157 N. W. 763; Von Baumbach v. Sargent L. Co. 242 U. S. 503, 37 Sup. Ct. 201; State…
2Cases cited10 opinions
- Von Baumbach v. Sargent Land Co.Supreme Court of the United States · 1917
- Stratton's Independence, Ltd. v. HowbertSupreme Court of the United States · 1913
- Stanton v. Baltic Mining Co.Supreme Court of the United States · 1916
- Nunnemacher v. StateWisconsin Supreme Court · 1906
- Chicago & Northwestern Railway Co. v. StateWisconsin Supreme Court · 1906
5 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- State ex rel. Sallie F. Moon Co. v. Wisconsin Tax CommissionWisconsin Supreme Court · 1917
- Estate of SchlesingerWisconsin Supreme Court · 1924
- Falk v. Tax CommissionWisconsin Supreme Court · 1935
- State ex rel. Moon v. NygaardWisconsin Supreme Court · 1920
- State ex rel. Nunnemacher v. WiduleWisconsin Supreme Court · 1917
4 more not listed; retrieve them via the Exa API.