Bloomberg Tax
June 24, 2019, 8:46 PM UTC

Shoe Icon Seeks Supreme Court Ruling on N.Y. Taxes

Aysha Bagchi
Aysha Bagchi
Reporter

The founders of the Sam Edelman shoe business, who sold their company in 2010, asked the U.S. Supreme Court to hear their claims that New York unconstitutionally taxed income from the sale, in a case that may ultimately free some people from being taxed twice on a wide variety of income.

Samuel and Louise Edelman are one of two couples who lived in Connecticut but met New York’s definition for New York residency. Connecticut taxed their income from selling shares of business interests, and New York taxed it too.

According to their petitions, “virtually any taxpayer who owns stock or ...

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