Most constitutional arguments happen in law schools and appellate briefs. This one happened in my clients’ portfolios.

Moore v. United States, decided by the Supreme Court in June 2024, asked a question that sounds technical and isn’t: can the federal government tax income that has never been received? The case involved Charles and Kathleen Moore, who held a minority stake in KisanKraft Machine Tools Private Limited, an American-controlled corporation based in Bangalore, India.