Long v. Tax Commission

The following opinion was filed May 10, 1932:

Nelson, J.

In 1929 the assessor of incomes for Ke-nosha county made additional assessments of the plaintiff’s income for the years 1925, 1926, and 1927. The additional assessments relate solely to profits claimed to have been made on the sale of Nash Motors Company stock over and above the amounts reported as profits by the plaintiff in his income tax returns. Beginning in 1919 Harold E. Long, hereinafter called the taxpayer, purchased at different times and at different prices a considerable number of shares of Nash Motors Company common stock and…