Plummer v. Coler
Supreme Court of the United States
ERROR TO THE surrogate’s COURT OE THE COUNTY OE NEW YORK, STATE OE NEW YORK. Joseph Plummer, a citizen and resident of New York, died October 28, 1898, leaving a last will whereby he bequeathed to Harry Plummer, his executor, forty thousand dollars in United States bonds, issued under the Funding Act of 1870, in trust, to hold the same during the lifetime of Ella Plummer Brown, daughter of the testator, and to pay the income thereof to her during her life, and at her death…
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ERROR TO THE surrogate’s COURT OE THE COUNTY OE NEW YORK, STATE OE NEW YORK. Joseph Plummer, a citizen and resident of New York, died October 28, 1898, leaving a last will whereby he bequeathed to Harry Plummer, his executor, forty thousand dollars in United States bonds, issued under the Funding Act of 1870, in trust, to hold the same during the lifetime of Ella Plummer Brown, daughter of the testator, and to pay the income thereof to her during her life, and at her death to divide the same between and amongst her issue then living. The value of this life interest was computed by the…
1Opinion of the CourtJustice Shirks
In this case we are called upon to consider the question whether, under the inheritance tax laws of a State, a tax may be validly imposed on a legacy consisting of United States bonds issued under a statute declaring them to be exempt from state taxation in any form.
It is not open to question that a State cannot, in the exercise of the power of taxation, tax obligations of the United States. Weston v. Charleston, 2 Pet. 449; Bank of Commerce v. New York City, 2 Black, 620; Home Insurance Co. v. New York, 134 U. S. 594, 598.
So, likewise, it is settled law that bonds issued by a State, or under…
2Cases cited28 opinions
- Brown v. MarylandSupreme Court of the United States · 1827
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- Magoun v. Illinois Trust & Savings BankSupreme Court of the United States · 1898
- Weston and Others v. the City Council of CharlestonSupreme Court of the United States · 1829
- Collector v. DaySupreme Court of the United States · 1871
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3Cited by196 opinions
- United States v. City of DetroitSupreme Court of the United States · 1958
- Frick v. PennsylvaniaSupreme Court of the United States · 1925
- Willcutts v. BunnSupreme Court of the United States · 1931
- City of Detroit v. Murray Corp. of AmericaSupreme Court of the United States · 1958
- Stebbins v. RileySupreme Court of the United States · 1925
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