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Moore - 2 Matt Gardner - 2 Charles - 1 Kathleen Moore - 1 Donald Trump's - 1 Moores - 1
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United States Washington KisanKraft India
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Taxation - 2 Economic - 2 Finance - 2 Republicans - 1 ERC - 1 Biden - 1

Search resuls for: "Matt Gardner"


2 mentions found


☆ 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
☆ Supreme Court tax case could have sweeping federal policy effects, experts say
  + stars: | 2023-10-05 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +1 min
As the Supreme Court starts a new term, experts are closely watching a case that could have sweeping effects on the U.S. tax code, including corporate revenue and future wealth tax proposals. The plaintiffs are fighting taxes on earnings that weren't distributed to them by arguing about the definition of income, which could have broader implications, according to policy experts. 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.
Persons: Moore, Matt Gardner Organizations: Taxation, Economic, Finance, Republicans, ERC, Biden Locations: United States, Washington, KisanKraft, India
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