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Allison Schrager: Constitutional or Not, Wealth Taxes Are Bad Economics


A Supreme Court case about unrealized capital gains has implications for Biden’s proposed tax on the very wealthy. The US Supreme Court heard arguments on Tuesday over a dispute over a $14,279 tax bill — and the slightly more consequential question of what counts as income under the federal tax code, a definition the Biden administration

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Posted: December 6, 2023 Wednesday 06:00 AM