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Towne v. Eisner, 245 U.S. 418 (1918), is a United States Supreme Court case in which the Court held that "a stock dividend based on accumulated profits was not 'income' within the true intent of the statute." Congress passed a new law in reaction to Towne v. Eisner and so the case was soon overturned by the Supreme Court in Eisner v. Macomber. It includes the quotable passage: “A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in colour and content according to the circumstances and time in which it is used.” ― Oliver Wendell Holmes Jr.

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  • Towne v. Eisner (en)
  • 湯恩訴艾斯納案 (zh)
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  • Towne v. Eisner, 245 U.S. 418 (1918), is a United States Supreme Court case in which the Court held that "a stock dividend based on accumulated profits was not 'income' within the true intent of the statute." Congress passed a new law in reaction to Towne v. Eisner and so the case was soon overturned by the Supreme Court in Eisner v. Macomber. It includes the quotable passage: “A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in colour and content according to the circumstances and time in which it is used.” ― Oliver Wendell Holmes Jr. (en)
  • 湯恩訴艾斯納案(Towne v。Eisner; 245 US 418(1918)),是美國最高法院的一宗案件。在該案中,法院裁定“基於累積利潤的股票股利並非該法規的真實意圖之"收入"”。國會針對湯恩訴艾斯納案通過了一項新法律,接著該案件很快被最高法院在中推翻掉。 (zh)
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  • (en)
  • Towne v. Eisner, Collector of United States Internal Revenue for the Third District of the State of New York (en)
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  • White, Day, Van Devanter, Pitney, McReynolds, Brandeis, Clarke (en)
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  • Towne v. Eisner, (en)
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  • Towne v. Eisner, Collector of United States Internal Revenue for the Third District of the State of New York (en)
Holding
  • A stock dividend based on accumulated profits is not "income." (en)
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  • Towne v. Eisner (en)
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  • Holmes (en)
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  • Towne v. Eisner, 245 U.S. 418 (1918), is a United States Supreme Court case in which the Court held that "a stock dividend based on accumulated profits was not 'income' within the true intent of the statute." Congress passed a new law in reaction to Towne v. Eisner and so the case was soon overturned by the Supreme Court in Eisner v. Macomber. It includes the quotable passage: “A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in colour and content according to the circumstances and time in which it is used.” ― Oliver Wendell Holmes Jr. (en)
  • 湯恩訴艾斯納案(Towne v。Eisner; 245 US 418(1918)),是美國最高法院的一宗案件。在該案中,法院裁定“基於累積利潤的股票股利並非該法規的真實意圖之"收入"”。國會針對湯恩訴艾斯納案通過了一項新法律,接著該案件很快被最高法院在中推翻掉。 (zh)
Concurrence
  • McKenna (en)
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  • Eisner v. Macomber (en)
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