Current:Home > reviewsCould SCOTUS outlaw wealth taxes? -Financium
Could SCOTUS outlaw wealth taxes?
View
Date:2025-04-14 20:06:31
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! (12)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Fukushima residents react cautiously after start of treated water release from wrecked nuclear plant
- Wagner chief Yevgeny Prigozhin was on plane that crashed, Russian aviation agency says
- Miley Cyrus tearfully reflects on Disney days past with new video, song 'Used to Be Young'
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Horoscopes Today, August 25, 2023
- Blake Lively Gets Trolled on Her Birthday—But It’s Not by Husband Ryan Reynolds
- Man sentenced to 42 years in prison for 2019 death of New Hampshire pastor
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Is $4.3 million the new retirement number?
Ranking
- Highlights from Trump’s interview with Time magazine
- Adam Sandler's Netflix 'Bat Mitzvah' is the awkward Jewish middle-school movie we needed
- Miley Cyrus tearfully reflects on Disney days past with new video, song 'Used to Be Young'
- Longtime 'Price Is Right' host Bob Barker dies at 99
- South Korean president's party divided over defiant martial law speech
- 'I actually felt like they heard me:' Companies work to include neurodivergent employees
- Alabama wants to be the 1st state to execute a prisoner by making him breathe only nitrogen
- John Stamos Shares Nude Photo to Celebrate His 60th Birthday in Must-See Thirst Trap
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
3 men exonerated in NYC after case reviews spotlighted false confessions in 1990s
An EF-2 tornado knocks down trees and injures at least 6 in Pennsylvania
Officers fatally shoot armed man during post office standoff, North Little Rock police say
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Longtime 'Price Is Right' host Bob Barker dies at 99
A former foster kid, now a dad himself, helps keep a family together by adopting 5 siblings
NASCAR at Daytona summer 2023: Start time, TV, streaming, lineup for Coke Zero Sugar 400