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>”Genuine question, why?” A wealth tax would clearly be a ‘direct tax’, which must be apportioned among the states according to the constitution.
by nickff 3mo ago
>”Genuine question, why?”
A wealth tax would clearly be a ‘direct tax’, which must be apportioned among the states according to the constitution.
- JumpCrisscross 3mo agoEh, this is debated. (Moore.) It could be written as an excise tax, too, push come to shove.
- nickff 3mo agoCapital gains are permissible because of the 16th amendment; the 16A does not permit the congress to tax assets. It seems like quite a stretch to apply Moore to cash holdings.
- throwaway85825 3mo agoWe already have taxes on assets. They're called property taxes.
- apparent 3mo agoThe state govts can do things that the federal govt is forbidden to do.
- nickff 3mo agoCongress is not permitted to levy property taxes.
- throwaway85825 3mo agoTax money is fungible.