...deductions allowed by this act. Sec. 301. Gross income defined, 1. The words "gross income " includes gains, profits and income derived from salaries, wages,...whatever form paid, or from professions, vocations, trades, business, commerce, or sales, or dealings in property, whether real or personal, growing out...

...AH, in effect July 1,. 1921.) § 359. Gross income defined. The term " gross income " : 1. Includes gains, profits and income derived from salaries, wages...whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing...

...impose and levy taxes on incomes of persons, co-partnerships, associations and corporations, including gains. profits, and income derived from salaries,...whatever form paid, or from professions. vocations, business, trade, commerce, or sales, or dealings in property, whether real or personal, growing out...

...to tax stock dividends as income.1 1 Title I.— Income Tax. Part I. — On Individuals. Sec. 2 (a) That, subject only to such exemptions and deductions...allowed, the net income of a taxable person shall include gaine, profit", and income de525 1919. SUPREME COURT OF THE UNITED STATES. OCT. TEBU. The facts, in...

...section 1200, of the revenue act of 1917, defining the net income of taxable persons, provides: "(a) That, subject only to such exemptions and deductions...shall include gains, profits, and income derived from * * * interest, rent, dividends, securities, * * * or gains or profits and income derived from any...

...this act. 1921, c. 34, s. 300. 909. Gross income defined. 1. Items included. The words "gross income" include gains, profits and income derived from salaries,...whatever form paid, or from professions, vocations, trades, business, commerce or sales, or dealings in property, whether real or personal, growing out...

...under consideration, and not changed in any way by the act of 1917, are : SEC. 2. (a) That, subject to such exemptions and deductions as are hereinafter...shall include gains, profits, and income derived from * * * businesses, trade, commerce, or sales, or dealings in property whether real or personal, growing...

...this title (except as otherwise provided in Section 233) the term "gross incomes" — (a) Includes gains, profits and income derived from salaries, wages...whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or. personal, growing...

...SEC. 301. Gross income defined. The words "net Income'' mean the gross Income of a taxpayer. derived from salaries, wages or compensation for personal...whatever form paid, or from professions, vocations, trades, business, commerce or sales, or dealings in property, whether real or personal, growing out...

...to apply this phrase literally, as may be seen from the following extract from the 1913 law: . . . Subject only to such exemptions and deductions as...compensation, for personal service of whatever kind and whatever form paid, or from professions, vocations, businesses, trade, commerce, or sales, or dealings...