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Experts fear Supreme Court case could undermine parts of tax code

Experts fear Supreme Court case could undermine parts of tax code
ualrpublicradio.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ualrpublicradio.org Daily Mail and Mail on Sunday newspapers.

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The Next Supreme Court Danger: Trashing One-Third of the Tax Code

“If men were angels,” James Madison wrote in Federalist 51, “no government would be necessary.” Similarly, if men were angels, we wouldn’t have to tax unrealized capital gains. It’s really awkward to tax an increase in the value of an investment that has not been cashed out. Doing so removes capital from the economy, and, if the value of the investment later falls, the justification for the tax may vanish. Also, a rise in an investment’s value doesn’t (usually) enable consumption the way cash in ....

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A look at the internal rifts over Biden's handling of Gaza-Israel

A look at the internal rifts over Biden's handling of Gaza-Israel
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Playbook PM: Biden and Trump put their sparring gloves on

And the Middle East war pause is extended. ....

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Pandemic-Related Employee Retention Credits: Increasing IRS Scrutiny And Related M&A Considerations - Tax Authorities

The IRS continues to focus on combating perceived fraudulent claims relating to the COVID-19 pandemic-era Employee Retention Credits (ERCs). On Oct. 19. ....

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