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Article: Pollock v. Farmers' Loan and Trust Company
- Article from:
- Dictionary of American History
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POLLOCK V. FARMERS' LOAN AND TRUST COMPANY
POLLOCK V. FARMERS' LOAN AND TRUST COMPANY,
157 U.S. 429 (1895), was a case in which the Supreme Court ruled that the income tax provision of the Gorman-Wilson tariff (1894) was unconstitutional because it was a direct tax and hence subject to the requirement of apportionment among the states according to population. In a prior hearing, only the tax on real
estate income had been declared unconstitutional, and the Court was divided evenly, four to four, regarding other forms of income. On a rehearing, the Court decided five to four against the income tax on ...