Current:Home > InvestCould SCOTUS outlaw wealth taxes? -TruePath Finance
Could SCOTUS outlaw wealth taxes?
View
Date:2025-04-18 11:23:36
The Supreme Court is set to hear arguments next week on whether the federal government can tax some "unrealized" gains. That's when an asset you hold, rather than sell, gains value. Tax experts say it's the biggest constitutional tax case seen in a century.
Today, we lay out the stakes and the massive implications for government revenue, taxpayers, and even wealth inequality.
Related Episodes:
Could a wealth tax work
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (7)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- 48 hours with Usher: Concert preparation, family time and what's next for the R&B icon
- Plane crashes into west Texas mobile home park, killing 2 and setting homes ablaze
- Travis Kelce set to join cast of 'Happy Gilmore 2,' according to Adam Sandler
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- PHOTO COLLECTION: Election 2024 DNC Details
- Canada’s two major freight railroads may stop Thursday if contract dispute isn’t resolved
- Man pleads not guilty to killings of three Southern California women in 1977
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- NFL Comeback Player of the Year: Aaron Rodgers leads Joe Burrow in 2024 odds
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Georgia police officer arrested after investigators say he threatened people while pointing a gun
- Gayle King dishes on her SI Swimsuit cover, how bestie Oprah accommodates her needs
- Warriors Hall of Famer Al Attles, one of NBA’s first Black head coaches, dies at 87
- Grammy nominee Teddy Swims on love, growth and embracing change
- Will 7-Eleven have a new owner? Circle K parent company makes offer to Seven & i Holdings
- Dolphins rookie Jaylen Wright among season's top fantasy football sleepers
- Sicily Yacht Sinking: 4 Bodies Recovered From the Wreckage By Divers
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
She didn’t see her Black heritage in crossword puzzles. So she started publishing her own
Orson Merrick: A Journey Through Financial Expertise and Resilience
Several factors may be behind feelings of hypochondria. Here are the most common ones.
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Olivia Rodrigo sleeps 13 hours a night on Guts World Tour. Is too much sleep bad for you?
Bit Treasury Exchange: How Should the Crypto-Rich Spend Their Money?
Disaster declaration approved for Vermont for July flooding from remnants of Beryl