Abstract

The Law and the Profits
Thomas, David Y. | November 22, 1922 issue

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The article discusses stock dividends of various companies. It states that in March 1920 the U.S. Supreme Court declared that stock dividends were not subject to taxation as income. For some time thereafter stock dividends ran riot. Within a week the press reported about forty concerns, which had declared stock dividends ranging all the way from 3 per cent in the Kelley-Springfield Tire Co. to 700 per cent in General Motors. Early in 1921 the periodical "New York Times" published a list of 129 concerns whose stock dividends amounted to $777,875,932, not including stock of no par value.

See Also:

STOCKS; DIVIDENDS -- Taxation; TAXATION -- Law & legislation; BUSINESS enterprises; INCOME tax; APPELLATE courts; GENERAL Motors Corp.; NEW York Times, The (Newspaper); UNITED States
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