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That decision was generally understood to mean that the government may impose taxes on wages or stock dividends, but not necessarily on property or corporate wealth that grows in value.

The method involved a complicated, carefully choreographed trade of tax refunds on stock dividends.

Should federal income taxes be limited to “realized” gains, such as stock dividends and capital gains?

It also suspended its stock dividend to investors.

And that has been understood to mean that the government may impose taxes on wages or earnings and stock dividends, but not on property or corporate wealth that grows in value.