Resource Link:
click here for resource (opens in a new tab)
Please share your feedback:
click to share |
return to listGuest Comments: (not necessarily our views)
Unconstitutional’: This Washington couple took their $15K IRS bill to the Supreme Court — and it could cost the US a jaw-dropping $340B if they win, pundits say. Here's why...
Based on this new rule, the Moores paid $14,729 in taxes, despite telling American Enterprise Institute, a center-right thinktank, that they hadn't received a penny from the business at that point. They’re now seeking a refund, arguing that the tax is “unconstitutional” and “an unapportioned direct tax in violation of the Constitution’s apportionment requirements.” In simple terms, the couple believes the government has no right to tax unrealized gains.