Hofstra Law Review Volume 30 | Issue 4 Article 2 2002 An Extended Presence, Interstate Style: First Notes on a Theme from Saenz Bernard E. Jacob Maurice A. Deane School of Law at Hofstra University Follow this and additional works at: https://scholarlycommons.law.hofstra.edu/hlr Part of the Law Commons Recommended Citation Jacob, Bernard E. (2002) "An Extended Presence, Interstate Style: First Notes on a Theme from Saenz," Hofstra Law Review: Vol. 30 : Iss. 4 , Article 2. Available at: https://scholarlycommons.law.hofstra.edu/hlr/vol30/iss4/2 This document is brought to you for free and open access by Scholarly Commons at Hofstra Law. It has been accepted for inclusion in Hofstra Law Review by an authorized administrator of Scholarly Commons at Hofstra Law. For more information, please contact
[email protected]. Jacob: An Extended Presence, Interstate Style: First Notes on a Theme fr AN EXTENDED PRESENCE, INTERSTATE STYLE: FIRST NOTES ON A THEME FROM SAENZ Bernard E. Jacob* "[Piroperty will [not] be subjected to double or treble taxation. Each state will tax only the capitalreally employed in it.... CONTENTS I. FOUNDER-STATE TRUSTS .......................................................1134 II. AT THE INCEPTION ..................................................................1143 A. Income Taxation in the United States.............................. 1144 B. Legislative History ..........................................................1151 C. What Founder-State Trusts Mean ...................................1153 1. The Theme of Legality ..............................................1157 2. The Theme of Evading Evasion ................................1161 3. The Theme of the Founder's Forfeit ..........................1165 4. A New York Brew .....................................................1169 D. Residence and Domicile: Double Taxation..................... 1171 I. DuE PROCESS AND THE SITUS OF TAx ...................................1179 A. Situs and Domicile ..........................................................1180 B.