Edith R. Stern v. United States

THORNBERRY, Circuit Judge:

At issue in this appeal is whether certain expenditures made by plaintiff-ap-pellee to finance the election of various individuals to public office constituted taxable gifts under the Internal Revenue Code of 1954. The district court, after a nonjury trial, held that no taxable gifts had been made, and, after careful consideration of the matter, we affirm.

Because economic considerations and interests engendered an important segment of the events of this controversy and are, therefore, helpful to an understanding of it, we begin consideration of the case with a brief…