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Lederer v. Stockton, 260 U.S. 3 (1922)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Lederer v. Stockton, 260 U.S. 3 (1922)
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Lederer v. Stockton No. 16 Argued October 5, 1922 Decided October 16, 1922 260 U.S. 3
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE THIRD CIRCUIT
Syllabus
The Income Tax Law of 1916, §§ 2(b) and 11(a), taxes income from trust estates, but exempts income received by any corporation organized and operated exclusively for charitable purposes no part of the net income of which inures to the benefit of any private stockholder or individual. Where a fund was held by a testamentary trustee to pay an annuity and, upon the annuitant’s death to transfer the fund and accumulated interest to a hospital corporation, and the trustee lent the money to the hospital upon mortgage security receiving back only interest sufficient to satisfy his administrative charges and the annuity, held that the remaining income, retained by the hospital, was not taxable. P. 8.
266 F. 676 affirmed.
Certiorari to a judgment of the circuit court of appeals affirming a judgment recovered by the respondent Stockton in an action to recover back money paid by him as income taxes.
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Chicago:
U.S. Supreme Court, "Syllabus," Lederer v. Stockton, 260 U.S. 3 (1922) in 260 U.S. 3 260 U.S. 6. Original Sources, accessed August 30, 2025, http://www.originalsources.com/Document.aspx?DocID=YY8M1XDDXZ5PCL5.
MLA:
U.S. Supreme Court. "Syllabus." Lederer v. Stockton, 260 U.S. 3 (1922), in 260 U.S. 3, page 260 U.S. 6. Original Sources. 30 Aug. 2025. http://www.originalsources.com/Document.aspx?DocID=YY8M1XDDXZ5PCL5.
Harvard:
U.S. Supreme Court, 'Syllabus' in Lederer v. Stockton, 260 U.S. 3 (1922). cited in 1922, 260 U.S. 3, pp.260 U.S. 6. Original Sources, retrieved 30 August 2025, from http://www.originalsources.com/Document.aspx?DocID=YY8M1XDDXZ5PCL5.
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