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Published • loading... • Updated

Supreme Court Urged to Protect ‘Essential Restraint’ on Taxation

Summary by Ground News
The high court agreed in June to hear Charles and Kathleen Moore's case over whether the government had the authority to tax them as shareholders of an Indian farming equipment company. Oral arguments in the case have not yet been scheduled. The couple are only suing for a refund of about $15,000, but the government has estimated that the tax ...
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bloombergtax.combloombergtax.com

Supreme Court Urged to Protect ‘Essential Restraint’ on Taxation

The US Supreme Court should make clear that Congress’ power to tax income only extends to income that a taxpayer has actually realized, a married couple said in a Wednesday brief.

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bloombergtax.com broke the news in on Wednesday, August 30, 2023.
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