U.S. Supreme Court
Logan County v. United States, 169 U.S. 255 (1898)
Logan County v. United States
Argued January 5-6, 1898
Decided February 21, 1898
169 U.S. 255
Where a railroad company pays a tax on its undistributed surplus under the Internal Revenue Act of June 30, 1864, c. 173, 13 Stat. 223, it is thereby paying a tax upon its own property, and such payment cannot be regarded as a payment of a tax upon a stock dividend thereafter declared by the company.
The case is stated in the opinion. chanroblesvirtualawlibrary