The Supreme Court agreed on June 26 to consider a challenge to an arguably unconstitutional wealth tax that was levied on capital gains a Washington state couple never received. The Mandatory Repatriation Tax, also known as the Section 965 Transition Tax, was part of the Tax Cuts and Jobs Act passed by the then-Republican-controlled Congress…
Supreme Court to Decide Scope of Congress’s Taxing Power
June 26, 2023
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