In December, I published an interview with the tax policy expert and attorney Steve Rosenthal titled, “The Supreme Court Case That Could Upend a Century of Tax Law.” Dropped last week, the high court’s ruling in that case, Moore v. United States, was narrow and thus relatively inconsequential on the real issue—whether Congress has the power to tax unrealized wealth.
Will Congress’ Power Over Tax Policy Survive This Supreme Court?
Michael Mechanic, Mother Jones
Tue, 06/25/2024 - 3:00am
Topics: december steve rosenthal the supreme court case that could upend century law dropped united states charles kathleen moore justice harlan that s tax policy center justice brett kavanaugh s upheld congress s justices amy coney barrett samuel alito clarence thomas neil gorsuch president biden and senate finance committee chair ron wyden d-or roberts it s farmers loan trust co here s the constitution bruce ackerman joseph fishkin william e precluded congress justice john marshall harlan sound the congress incomes ackerman the sixteenth amendment america s rosenthal the that supreme court court tax moore congress congress americans pollock kavanaugh justices amendment constitution forbath ackerman fishkin sixteenth amendment percent gains ruling unrealized wealth stock majority realization direct owned people billionaires requirement households wrote imposing practically specific administrative convenience view worth unsold derived source proposed profits assets scholars immune high fortunes wrong noting rate apportioned wealthiest population popular opposition create precedent special based class count capital privileged
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