Pollock v. Farmers' Loan & Trust Co
The Gorman Tariff Act of 1894 called for a 2% tax on any "gains, profits and incomes" over $4,000 for a period of five years. Shareholders of the Farmers' Loan & Trust Co., based out of New York, would pay the required tax. In addition they would provide a list of the names of shareholders to the Bureau of Internal Revenue.