...Biss. 108. The third argument of counsel for the collector is that, because paragraph B provides that "the net income of a taxable person shall include gains, profits and income derived * * * from interest, rent, dividends, securities, or the transaction of any lawful business carried on for gain...

...paid tinder protest and now sues to recover. The act of October 3, 1913, provides (sec. B) : * * * The net income of a taxable person shall include gains. profits, and income derived from * * * interest, rent, dividends, securities, or the transaction of any lawful business carried on for...

...in each calendar year thereafter. INCOME DEFINED. SEC. 2. (a) That, subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shay include gains, profits," and income derived from salaries, wages, or compensation for personal...

...in each calendar year thereafter. INCOME DEFINED Sec. 2. (a) That, subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shal include gains, profits, and income derived from salaries, wages, or compensation for personal...

...residents, corporate or otherwise." INCOME DEFINED. "SEC. '¿. (a) That, subject only to such exemptions and deductions. as are hereinafter allowed, the net income of a taxable person shallmclude gains, profits, and Income derived from salaries, wages, or compensat ion for personal...

...mercantile, manufacturing, or business corporation. 3. Nature of Income. The law defines income to include "gains, profits, and income derived from salaries, wages, or compensation for personal services * * * or from professions, vocations, businesses, trade, commerce, or sales, or dealings...

...annum upon such income, except as hereinafter provided; . . . "B. That, subject only to such exemptions and deductions as are hereinafter allowed, the net...professions, vocations, businesses, trade, commerce, 151. Opinion of the Court. or sales, or dealings in property, whether real or personal, growing out...

...annum upon such income, except as hereinafter provided; . . . "B. That, subject only to such exemptions and deductions as are hereinafter allowed, the net...professions, vocations, businesses, trade, commerce, 151. Opinion of the Court. or sales, or dealings in property, whether real or personal, growing out...

...annum upon such income, except as hereinafter provided. * * * "B. That, subject only to such exemptions and deductions as are hereinafter allowed, the net...of whatever kind and in whatever form paid, or from g professions, vocations, business, trade, com- л merce.'or sales, or dealings in property, whether*...

...defines an income substantially as above, and in such wise as to make manifest that it is property, thus: "The net income of a taxable person shall include...whatever form paid, or from professions, vocations, business, trade, commerce, or sales, or dealings in property, whether real or personal, growing out...