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https://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution#The_Pollock_case https://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_Un

by kart23 7y ago

https://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution#The_Pollock_case https://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_Uni... > When, therefore, this court adjudges, as it does now adjudge, that Congress cannot impose a duty or tax upon personal property... including invested personal property, bonds, stocks, and investments of all kinds... Its unconstitutional.

0xffff2 7y ago
I'm not a lawyer. Lawyers disagree on this subject. Seeing as how that quote is part of a case that predates the amendment, it's not at all clear to me what if any bearing it has. I'm guessing this is one of the many, many areas of law where the only way to find out if it's constitutional with any degree of certainty is to pass the law and see what the Supreme Court says.