Many "tax prostestors" for example Irwin Schiff have learned this. He died in prison. It's not a good idea.
They will never rule against the government collecting taxes I believe even if it's technically unconstitutional ....
It sucks!
Ping
is this really about tax issues of dividens
that are reinvested?
I want to see proof it was actually ratified. Little tough to believe we would do that to ourselves
How is this any different then me being forced to pay taxes on “profit” my S corp made, without me ever seeing a dime?
Does anyone else remember the proposed simple income tax form:
1) Enter the amount you earned ____________
2) Send it in
Are we there yet???
rax ping
It’s “ the Hill,” so I’ll take its characterization of the issue with a grain of salt, but if a SCOTUS decision could really do all that, There’s no way Roberts and possibly Kavanaugh and Barrett won’t vote with the left.
Chief Justice Roberts is not going to allow anything to rock the boat with the U.S. tax code. Even if an opinion was written given the plaintiff relief requested, it would be so narrowly written that it would only apply in a very limited way so as not to interfere with the tax code itself.
Advocacy journalism.
"income must be “clearly realized” for it to be taxable"
Sounds like they are mixing apples and oranges and will lose this case if that's the fundamental basis of it.
Corporations receive profits and shareholders receive dividends. Two different things. Two different entities (corp vs individual). Two different sets of tax laws.
The fundamental question as to whether the US can tax overseas income is another story and may be the angle they're actually taking, but that's not apparent in the article.
If the fed can print $trillions at will, why do we pay any tax at all?
If nothing is done, taxes will go up to the highest ever (percentage) in history in 2026. I’m hoping politicians wake up to this mess coming.
Worst amendment ever. As had been warned, “The power to tax is the power to destroy.” and the tax code has been used for that since 1913.
If the hill is upset about it, it must be good.
Amendment 16
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
~~~~~~~~~~~~
In what galaxy does “taxes on incomes” mean taxes on corporate profits? Obviously “incomes” means personal incomes. Corporate income taxes followed by personal income taxes, taxes the same money twice, and that’s obviously NOT what the 16th authorizes.
Upstate NY guy, Bob Schultz said the same for years, also had a court case at SCOTUS. https://www.splcenter.org/fighting-hate/intelligence-report/2001/bob-schulz%E2%80%99s-we-people-group-don-quixote-queensbury https://www.supremecourt.gov/DocketPDF/20/20-1626/179849/20210521173412421_20210521-173153-95753755-00002139.pdf
Show me any communist regime in history that has reduced taxation of its serfs...
.
Now do away with property taxes.