Current:Home > MyCould SCOTUS outlaw wealth taxes? -Wealth Axis Pro
Could SCOTUS outlaw wealth taxes?
View
Date:2025-04-14 04:31:10
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! (6)
Related
- Current, future North Carolina governor’s challenge of power
- This Week in Clean Economy: Manufacturing Job Surge Seen for East Coast Offshore Wind
- Blinken says military communication with China still a work in progress after Xi meeting
- How to show up for teens when big emotions arise
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Grief and tangled politics were at the heart of Kentucky's fight over new trans law
- In a supreme court race like no other, Wisconsin's political future is up for grabs
- You're less likely to get long COVID after a second infection than a first
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Keystone XL: Low Oil Prices, Tar Sands Pullout Could Kill Pipeline Plan
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Pope Francis will be discharged from the hospital on Saturday
- The surprising science of how pregnancy begins
- Court Rejects Pipeline Rubber-Stamp, Orders Climate Impact Review
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- A deadly disease so neglected it's not even on the list of neglected tropical diseases
- There's a second outbreak of Marburg virus in Africa. Climate change could be a factor
- Grief and tangled politics were at the heart of Kentucky's fight over new trans law
Recommendation
Travis Hunter, the 2
Check Out the Most Surprising Celeb Transformations of the Week
This Week in Clean Economy: West Coast ‘Green’ Jobs Data Shows Promise
Aerie's Clearance Section Has 76% Off Deals on Swimwear, Leggings, Tops & More
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Basketball powers Kansas and North Carolina will face each other in home-and-home series
A Possible Explanation for Long COVID Gains Traction
This doctor fought Ebola in the trenches. Now he's got a better way to stop diseases