3 ms·
https://www.motherjones.com/politics/2023/12/supreme-court-moore-us-unrealized-capital-gains-billionaire-wealth-tax/ https://www.motherjones.com/politics/2023/1
by walterbell 3y ago
https://www.motherjones.com/politics/2023/12/supreme-court-moore-us-unrealized-capital-gains-billionaire-wealth-tax/ https://www.motherjones.com/politics/2023/12/supreme-court-m...
> I don’t see how the Supreme Court blocks billionaire taxes and unrealized-gain taxes without damaging existing rules that are much more modest. Again, this is a big deal. The Supreme Court hasn’t stuck down an income tax for a century, and in my view, a lot of sensible tax rules are at stake.
The case was heard last Tuesday and a ruling is expected in summer 2024, https://www.cbsnews.com/news/supreme-court-to-hear-major-case-that-could-upend-tax-code-and-doom-wealth-tax-proposals/ https://www.cbsnews.com/news/supreme-court-to-hear-major-cas...
> During more than two hours of arguments, the justices peppered lawyers for both sides with questions about the implications of their positions and appeared aware of how a sweeping ruling would reverberate across the U.S. tax system.