...not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the..."derived," that is, received or drawn by the recipient for his separate use, benefit, and disposal; that is income derived from property.1 In Eisner vs. Macomber,...

...not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the...property. Nothing else answers the description. The same fundamental conception is clearly set forth in the Sixteenth Amendment — "incomes, from whatever...

...a growth or increment of value in the investment ; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the...property. Nothing else answers the description. "The same fundamental conception is clearly set forth in the Sixteenth Amendment — 'incomes, from whatever...

...not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the...property. Nothing else answers the description. The same fundamental conception is clearly set forth in the sixteenth amendment — '' incomes, from whatever...

...not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the...from property. Nothing else answers the description. Opinion of the Court. 252 U. 8. with a conciseness and lucidity entirely in harmony with the form and...

...such appreciation must be realized upon a closed transaction and be "... .something of exchangeable value, proceeding from the property, severed from...'derived,' that is, received or drawn by the recipient " An actual sale is practically the only answer to this description. Among economists and authorities...

...not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the...or employed, and coming in, being 'derived,' that ia, received or drawn by the recipient (the taxpayer) for his separate use, benefit and disposal;—...

...not a growth or increment of value in the investment; but a gain, a profit, something of exchangeable value proceeding from the property, severed from the...from property. Nothing else answers the description. . . . Secondly, and more important for present purposes, enrichment through increase in value of capital...

...increment of value in the investment; but a gain, a profit, something of exchangeable value p*oceeding from the property, severed from the capital, however...property. Nothing else answers the description. The snme fundamental conception is clearly s. t forth in the lüth Amendment — "incomes, from whatever...

...value of capital assets of the trust estate to be income because the gain or increase has not been "derived," that is, received or drawn by the recipient...taxpayer) for his separate use, benefit and disposal. Eisner v. Macomher, supra, 207, 211; 214, '215: In the case of a trustee who converts a capital asset...