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Famous Tax Quotes - A Bundle of Sticks


A bundle of sticks

Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle), today's tax quote is:

A common idiom describes property as a "bundle of sticks" -a collection of individual rights which, in certain combinations, constitute property. * * * State law determines only which sticks are in a person's bundle. Whether those sticks qualify as "property" for purposes of the federal tax lien statute is a question of federal law.

United States v. Craft, 535 U.S. 274 (2002).

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