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Supreme Court Case Could Upend Taxes on Investments. But Is It Likely?

Por: MarketWatch Business January 10, 2024

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In December, the Supreme Court heard arguments in the case brought by Charles and Kathleen Moore, who contend that their US$15,000 tax bill was for gains they never realized and therefore violates the Sixteenth Amendment, which allows Congress to collect taxes specifically on income. The Moores claim that their gains cannot be considered income because they were never distributed out of the company into their hands. More: At the root of the case... + full article



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