Court of Appeals for the Fifth Circuit June 10, 1944, No. 10989 (Round Table Club v. Fontenot)

HOLMES, Circuit Judge.

The Social Security Act and other related statutes levied an excise tax upon corporations with respect to wages paid to employees, but the levy did not include corporations organized and operated exclusively for scientific, literary, or educational purposes, no part of the net earnings of which inured to the benefit of any private shareholder or individual.