United States v. Phellis

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United States v. Phellis
Seal of the United States Supreme Court.svg
Argued October 11, 1921
Decided November 21, 1921
Full case name United States v. C. W. Phellis
Citations 257 U.S. 156 (more)
42 S.Ct. 63; 66 L. Ed. 180; 1921 U.S. LEXIS 1328
Holding
Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income.
Court membership
Chief Justice
William H. Taft
Associate Justices
Joseph McKenna · Oliver W. Holmes Jr.
William R. Day · Willis Van Devanter
Mahlon Pitney · James C. McReynolds
Louis Brandeis · John H. Clarke
Case opinions
Majority Pitney, joined by Taft, McKenna, Holmes, Day, Brandeis, Clarke
Dissent McReynolds, joined by Van Devanter

United States v. Phellis, 257 U.S. 156 (1921), was a decision by the United States Supreme Court, which held that shares in a subsidiary corporation issued to stockholders in the parent corporation were taxable as income.

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