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Will the Supreme Court expand what income is TAXABLE!?
Manage episode 386624909 series 2933979
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The case of MOORE v. United States challenges a well argued and held up rule that income cannot be taxed on "unrealized gains." This has been upheld on multiple occasions, most notably in the Supreme Court in 1920. However, new arguments are to be heard on property the Petitioners held and were taxed on in a foreign land. Let's discuss what the SCOTUS role is and the arguments for and against.
#wealthtax #finance #supremecourt
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