Fate of Biden’s billionaire tax plan could be decided by conservative high court
President Joe Biden’s goal of forcing the richest people in the nation to pay a wealth tax will be weighed by the Supreme Court on Tuesday in a dispute over a couple’s $14,729 tax bill.
The question before the justices in Moore v. United States is whether the federal government can tax certain types of “unrealized” gains, such as from fluctuations in the value of stocks and bonds that the owner has not yet sold and therefore not yet profited from.
December 05, 2023 04:13 PM
December 05, 2023 04:13 PM
