Knetsch v. United States
id:
knetsch-v-united-states-317-9146659
title:
Knetsch v. United States
text:
Knetsch v. United States, 364 U.S. 361 (1960), was a decision by the United States Supreme Court concerning taxation law. The taxpayer was a saver who was convinced to buy a deferred annuity because the inside buildup on such policies is tax-deferred. However, he wanted to claim a deduction on the money he borrowed that he used to buy the annuity. The IRS won and the taxpayer was denied the deduction. An understanding of the economics would immediately reveal that the only reason the transaction
brand slug:
wiki
category slug:
encyclopedia
description:
1960 United States Supreme Court case
original url:
https://en.wikipedia.org/wiki/Knetsch_v._United_States
date created:
date modified:
2023-09-13T02:30:08Z
main entity:
{"identifier":"Q6421997","url":"https://www.wikidata.org/entity/Q6421997"}
image:
fields total:
13
integrity:
14