Unrealized Gains Supreme Court Case Could Change Wealth Taxes
In a landmark case, the U.S. Supreme Court will decide whether a mandatory tax on unrealized gains violates the Constitution. Taxation of unrealized gains is at the core of a case that the U.S. Supreme Court on Monday agreed to take up and that could change the way wealth is taxed in the U.S. The plaintiffs in Moore v. United States argue that a mandatory repatriation tax, introduced by the 2017 Tax Cuts and Jobs Act (TCJA), is unconstitutional. The one-time tax is levied on U.S. taxpayers with
Source: yahoo.com
