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Article: Pollock v. Farmers' Loan & Trust Co.
- Article from:
- West's Encyclopedia of American Law
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POLLOCK V. FARMERS' LOAN & TRUST CO.
A 5
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4 decision of the Supreme Court,
Pollock v. Farmers' Loan & Trust Co.
, 157 U.S. 429, 15 S.Ct. 673, 39 L.Ed 759,
on rehearing
, 158 U.S. 601, 15 S. Ct. 912, 39 L. Ed. 1108 (1895), declared the Income Tax Act of 1894 unconstitutional and ultimately led to the enactment of the sixteenth amendment, authorizing the imposition of an income tax by the federal government.
Charles Pollock
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a Massachusetts stockholder employed by the New York defendant, Farmers' Loan & Trust Co.
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appealed to the U.S. Supreme Court after unsuccessfully suing the defendant in federal courts to prevent it from breaching its fiduciary duty by ...