The Wealth Tax You May Already Owe
If the Supreme Court rules for the government in Moore v. U.S., all unrealized gains will be taxable under existing law.
Source: wsj.com
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If the Supreme Court rules for the government in Moore v. U.S., all unrealized gains will be taxable under existing law.
A Supreme Court case over a $15,000 tax bill could have multibillion-dollar ramifications. The court must rule narrowly — because if it doesn’t, much of our tax code could enter constitutional purgatory.
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The Court will decide whether the Constitution itself has a say in how tax laws should be drafted.