Quoting directly from the article here:
This term, the Supreme Court will decide Moore v. United States, a case which — according to the plaintiff couple’s lawyers —- “stands to slam shut the door on a federal wealth tax.” The Moores, a married couple, are challenging a “mandatory repatriation tax” created under former President Donald Trump’s 2017 tax bill, which required some Americans with business holdings outside of the United States to pay a one-time tax on income generated by their foreign earnings. The Moores argue that since their earnings had not been distributed as dividends, there should be no tax.
oDDmON@lemmy.world 1 year ago
Some writers have the temerity to call themselves journalists, when clearly they are not.