William Howard Taft

“ The argument of the petitioners is that, as the tax is expressly made equal to a percentage of the value of the net estate and is imposed upon the transfer of that net estate, Congress cannot have intended that the tax should be paid out of the very gifts which by subdivision (3) are excluded from the net estate. ”

“ After providing that her just debts and funeral expenses be paid, and making a number of specific legacies and devises, the testatrix gave the rest, residue, and remainder of all her property, of every description, including lapsed legacies, to the Young Men's Christian Association of Columbus, the Young Women's Christian Association of Columbus, Ohio, Berea College, and the American Missionary Association, to be divided equally among them. ”