James v. United States (1961)
1961 United States Supreme Court case / From Wikipedia, the free encyclopedia
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James v. United States, 366 U.S. 213 (1961), was a case in which the United States Supreme Court held that the receipt of money obtained by a taxpayer illegally was taxable income even though the law might require the taxpayer to repay the ill-gotten gains to the person from whom they had been taken.[1]
Quick Facts James v. United States, Argued November 17, 1960 Decided May 15, 1961 ...
James v. United States | |
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Argued November 17, 1960 Decided May 15, 1961 | |
Full case name | James v. United States |
Citations | 366 U.S. 213 (more) 81 S. Ct. 1052; 6 L. Ed. 2d 246; 1961 U.S. LEXIS 2014; 61-1 U.S. Tax Cas. (CCH) ¶ 9449; 7 A.F.T.R.2d (RIA) 1361; 1961-2 C.B. 9 |
Case history | |
Prior | Certiorari to the United States Court of Appeals for the Seventh Circuit |
Holding | |
Ill-gotten gains are taxable income even if they must be repaid. | |
Court membership | |
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Case opinions | |
Plurality | Warren, joined by Brennan, Stewart |
Concur/dissent | Black, joined by Douglas |
Concur/dissent | Clark |
Concur/dissent | Harlan, joined by Frankfurter |
Concur/dissent | Whittaker, joined by Black, Douglas |
Laws applied | |
U.S. Const., U.S. Const. amend. XVI; I.R.C. § 61 (26 U.S.C. § 61) |
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