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☆ Supreme Court hears tax case on 'income': It may 'have the biggest fiscal policy effects of any court decision,' expert says
▼ + stars: | 2023-12-05 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The Supreme Court is set to hear oral arguments Tuesday on a case that could affect broad swaths of the U.S. tax code and federal revenue. The closely watched case, Moore v. United States, involves a Washington couple, Charles and Kathleen Moore. Designed as a transition tax, the legislation required a one-time levy on earnings and profits accumulated in foreign entities after 1986. While the 16th Amendment outlines the legal definition of income, the Moore case questions whether individuals must "realize" or receive profits before incurring taxes. It's an issue that has been raised during past federal "billionaire tax" debates and could affect future proposals, including wealth taxes.

Persons: Moore, Charles, Kathleen Moore, Donald Trump's, Moores, Matt Gardner Organizations: Taxation, Economic, Finance Locations: United States, Washington

WASHINGTON (AP) — The Supreme Court is taking up a case Tuesday over a Washington couple's $15,000 tax bill that is widely seen as a test of a never-enacted tax on wealth. Political Cartoons View All 1277 ImagesThe Moores paid $15,000 in taxes based on Charles Moore’s investment in an Indian company. They argue that the tax violates the 16th Amendment, which allows the federal government to impose an income tax on Americans. “The Moore case could make it impossible to close those loopholes,” Wyden said. Public documents show that Charles Moore's involvement with the company, including serving as a director for five years, is far more extensive than court filings indicate.

Persons: Charles, Kathleen Moore, Paul Ryan, Donald Trump, ”, Moores, Charles Moore’s, Moore, Democratic Sen, Ron Wyden, “, ” Wyden, Charles Moore's, Samuel Alito, David Rivkin, Alito, Rivkin, Fatima Hussein Organizations: WASHINGTON, Washington, Wisconsin Republican, Republican, U.S . Chamber of Commerce, Democratic, Oregon, Moores, ___ Associated Locations: Redmond , Washington, Indian, ___

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. Such a ruling also could frustrate policies favored by some Democrats, including Senator Elizabeth Warren, for a tax on the net worth - meaning all assets and not just income - of the super-rich. Alito defended the court in articles in the Wall Street Journal's opinion section. The Moores sued the U.S. government in 2019 challenging the mandatory repatriation tax. Circuit Court of Appeals threw out the case, noting that under Supreme Court precedent the "realization of income is not a constitutional requirement."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Charles, Kathleen Moore, Donald Trump, Moores, Elizabeth Warren, Alito, Alito's recusal, David Rivkin Jr, Andrew Chung, Will Dunham Organizations: Supreme, REUTERS, Rights, U.S, Competitive Enterprise Institute, Democratic, Moores, Street, Circuit, Thomson Locations: Washington , U.S, Redmond , Washington, Republican, Constitution's, Bangalore, India, San Francisco

WASHINGTON (AP) — Charles and Kathleen Moore are about to have their day in the Supreme Court over a $15,000 tax bill they contend is unconstitutional. "If you haven’t received any income, how can you be required to pay income taxes?” Charles Moore asks in a video posted by the Competitive Enterprise Institute. But far from being a passive investor with no influence over the company, Moore, who worked at Microsoft during his career in software development, served on KisanKraft's board of directors for five years. One other inconsistency is that while the Moores say they jointly invested the money, only Charles Moore's name appears in company documents. Rosenthal said that “the ugly facts matter” and that the justices could return the Moores' case to a lower court without ruling on it.

Persons: — Charles, Kathleen Moore, Charles Moore, Moores, Paul Clement said, Donald Trump, haven’t, ” Charles Moore, Moore, Charles, KisanKraft, ” Mindy Herzfeld, Charles Moore's, ”, Reuven Avi, Yonah, Andrew Grossman, Steven Rosenthal, Rosenthal, John Roberts, Clarence Thomas, Ginni, Ravindra “ Ravi ” Kumar Agrawal, “, ” Moore, Samuel Alito, David Rivkin, Alito, Rivkin, Fatima Hussein Organizations: WASHINGTON, Enterprise Institute, Foundation, Republican, U.S . Chamber of Commerce, Competitive Enterprise Institute, Microsoft, University of Florida, KisanKraft, University of Michigan, Associated Press, Urban, Brookings Tax, Center, Moores, ___ Associated Locations: Redmond , Washington, India, county Limerick, Ireland, Nebraska, Colorado, Washington, ___

U.S. Supreme Court Associate Justice Samuel A. Alito Jr. poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsSept 8 (Reuters) - U.S. Supreme Court Justice Samuel Alito on Friday rejected a push by Senate Democrats to have him recuse from a tax case that involves an attorney who interviewed him for a newspaper article and helped him "air his personal grievances." Alito, in a statement attached to a routine order issued by the court in the case, Moore v. United States, said, "There is no valid reason for my recusal in this case." "Mr. Rivkin's access to Justice Alito and efforts to help Justice Alito air his personal grievances could cast doubt on Justice Alito's ability to fairly discharge his duties in a case in which Mr. Rivkin represents one of the parties," the senators stated. The case in which he is involved was never mentioned; nor did we discuss any issue in that case either directly or indirectly."

Persons: Samuel A, Alito Jr, Evelyn Hockstein, Samuel Alito, Alito, Moore, Dick Durbin, John Roberts, Alito recuses, Charles, Kathleen Moore, David Rivkin Jr, Alito's, Rivkin, Andrew Chung, Grant McCool Organizations: Supreme, REUTERS, Democrats, Democratic, Thomson Locations: Washington , U.S, United States, New York

☆ Simpler hysterectomy may improve quality of life for some women with cervical cancer, study finds
▼ + stars: | 2023-06-02 | by ( Jen Christensen | ) edition.cnn.com time to read: +5 min

Thanks to more effective screening, more women have been presenting with cervical cancer at a younger age and an earlier stage of the disease. “Simple hysterectomy can now be considered as a new standard of care for patients with low-risk early-stage cervical cancer,” Plante said. “This is a really big deal for women with cervical cancer,” said Moore, who wasn’t involved with the study. If the findings lead to a change in practice for surgeons, it could “change the trajectory of cervical cancer globally,” she said. Cervical cancer is not common in the US or Canada, Moore said, but it is endemic in low- and middle-income countries.

Persons: Dr, Marie Plante, Plante, ” Plante, ”, Kathleen Moore, Virginia Kerley Cade, Moore, Sanjay Gupta, ” Moore, Stephanie V, Blank, “ It’s Organizations: CNN, American Society of Clinical Oncology, National Cancer Institute, Obstetrics, Gynecology, Universite Laval, Studies, Canadian Institutes of Health Research, Canadian Cancer Society, Virginia, Developmental Therapeutics, University of Oklahoma Health Sciences Center, World Health Organization, Get CNN, CNN Health, Mount Sinai Health Locations: Chicago, Quebec, Canada

☆ Gen Z is re-thinking college and career plans in post-Roe America: ‘I want to leave the country’
▼ + stars: | 2022-12-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +7 min

There is an endless list of factors students consider while choosing a college: size, cost, campus life, proximity to home. In post-Roe America, location has never been more important to prospective and current college students deciding where to pursue a degree or build their career. The 21-year-old, now a junior studying political science at the University of South Dakota, is the president of USD Students for Reproductive Rights. Lexi McKee-Hemenway and Kyshea Koehler at an event hosted by USD Students for Reproductive Rights. Harvard University freshmen rally in Harvard Yard on May 4, 2022 to defend abortion rights.

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