Saturday, December 2, 2023

Supreme Court Hit With ‘Quadrillion’ Case

– This Decision Could Affect Millions of Americans. Bidenomics is not working so to bail Joe out, he wants to tax on unrealized gains. We elect and pay people to come up with this crap.

The Supreme Court is hearing a case over taxes on “unrealized” gains

President Biden and Democrats want to tax Americans on money they do not have. How the court rules could either save taxpayers billions or give big government a huge win

Joe Biden always comes up with devastating ideas to screw the citizens of this country...this is the latest one to bail out his lousy economy and huge debt.

Here's the deal--
A new case has reached the court that directly touches on another Biden move. And how the court rules could affect the wealth of numerous Americans.

From The Hill:
At issue in Moore v. United States is the question of whether the federal government can tax certain types of “unrealized” gains, which are property like stocks or bonds that people own but from which they haven’t directly recouped the value, so they don’t have direct access to the money that the property is worth.

“It’s the million-dollar question, just with a few more zeros: the quadrillion-dollar question,” Harvard University tax law professor Thomas Brennan told The Hill.

Read about it...

1 comment:

Anonymous said...

They want our 401ks and retirement savings, they are greedy and corrupt!