I think that was Eisner v. Macomber, but it is not what that website says.

SCOTUS said that dividends that were NOT paid in cash (they were paid with more shares of stock) were not subject to the income tax. This is different from cash dividends.

You gotta be careful and look it up yourself.

I think that was Eisner v. Macomber, but it is not what that website says.

SCOTUS said that dividends that were NOT paid in cash (they were paid with more shares of stock) were not subjec to the income tax. This is different from cash dividends.

You gotta be careful and look it up yourself.