Inheritance Taxation a Treatise On Legacy Succession And Inheritance Taxes Unde

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Inheritance Taxation a Treatise On Legacy Succession And Inheritance Taxes Unde
Peter V Ross
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Ed. 998, 20 Sup. Ct. Rep. 829, in recognizing the right of one of the states of the Union to impose a tax on a transfer of United States bonds, uses this language: "In Pennsylvania it has been re- peatedly held that the collateral inheritance law of that state, imposing a tax upon the total amount of the estates of decedents, is valid, al- though the estate may consist in whole or in part of United States bonds ; and this upon the principle that what is called a collateral inherit- ance tax is ...a bonus, exacted from the collateral kindred and others, as the conditions on which they may be admitted to take the estate left by deceased relative or testator; that the estate does not belong to them, except as a right to it is conferred by the state; that the right of the owner to transfer it to another after death, or of kindred to succeed, is the result of municipal regulation, and must, consequently, be en- joyed subject to such conditions as the state sees fit to impose. " The court then ' adopts with approval the language of Justice Andrew in Estate of Sherman, 153 N.

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