Supreme Court looks like it will punt on a wealth tax while upholding levy on foreign income

Posted on AllSides December 6th, 2023
From The Center

The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day. On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would threaten other provisions of the tax code. After two hours of arguments, there seemed to be a consensus on the court that “there is room for some narrow ground” to decide the case, as Justice Neil Gorsuch...

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