What was the Supreme Court decision in Pollock v. Farmers' Loan and Trust?
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A. The federal income tax was to be paid on a voluntary basis.
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B. The federal income tax was unconstitutional.
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C. All taxpayers must pay a flat income tax rate.
D. The federal income tax applied only to bank shareholders.

The answer is B: The federal income tax was unconstitutional.

Explanation:

Pollock v. Farmers’ Loan and Trust Company, (1895), U.S. Supreme Court case in which the court voided portions of the Wilson-Gorman Tariff Act of 1894 that imposed a direct tax on the incomes of American citizens and corporations, thus declaring the federal income tax unconstitutional. The decision was mooted (unsettled) in 1913 by ratification of the Sixteenth Amendment to the federal Constitution, giving Congress the power “to lay and collect taxes on incomes.”