Court Opinion

ID: 9419522
Source: CourtListenerOpinion
Date Created: 2023-08-02 22:49:56.588804+00
Date Added: 2024-06-11T16:42:08.935672
License: Public Domain

Me. Justice Jackson:
Since I think this tax was not one on the corporation (see dissent in International Harvester Co. v. Wisconsin Department of Taxation, ante, p. 445) I see no basis for the corporation to claim a deduction under § 23 (c) of the Revenue Act of 1934. The tax was on the stockholder, and it was paid by the corporation. The Company would be entitled to deductions under § 23 (d) if it were not reimbursed. The credit given to the corporation against a declared dividend is in my opinion a “reimbursement” of the corporation for payment of the tax if the Wisconsin Taxing Act is valid. Notwithstanding dissenting views on that subject, I consider myself now bound by the conclusion of the Court. Hence I agree that no right to a deduction exists.