Current:Home > MarketsCould SCOTUS outlaw wealth taxes? -ChatGPT
Could SCOTUS outlaw wealth taxes?
View
Date:2025-04-16 00:40:47
The Supreme Court is set to hear arguments next week on whether the federal government can tax some "unrealized" gains. That's when an asset you hold, rather than sell, gains value. Tax experts say it's the biggest constitutional tax case seen in a century.
Today, we lay out the stakes and the massive implications for government revenue, taxpayers, and even wealth inequality.
Related Episodes:
Could a wealth tax work
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (15)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Browns star Nick Chubb expected to miss rest of NFL season with 'very significant' knee injury
- Chris Evans Makes Marvelously Rare Comments About His Relationship With Alba Baptista
- Tampa Bay Rays set to announce new stadium in St. Petersburg, which will open in 2028 season
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- A reader's guide for Wellness: A novel, Oprah's book club pick
- Family of 4, including 2 children, shot dead along with 3 pets in Illinois: police
- Poet Afaa Michael Weaver wins $100,000 award for lifetime achievement
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Man gets 20 years in prison for killing retired St. Louis police officer during carjacking attempt
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Trump attorney has no conflict in Stormy Daniels case, judge decides
- Gov. Healey of Massachusetts announces single use plastic bottle ban for government agencies
- Ukraine lawyers insist that UN’s top court has jurisdiction to hear Kyiv’s case against Russia
- Senate begins final push to expand Social Security benefits for millions of people
- Chris Evans Makes Marvelously Rare Comments About His Relationship With Alba Baptista
- A prison medical company faced lawsuits from incarcerated people. Then it went ‘bankrupt.’
- Newcastle fan stabbed 3 times in Milan ahead of Champions League opener
Recommendation
Trump wants to turn the clock on daylight saving time
US issues more sanctions over Iran drone program after nation’s president denies supplying Russia
FCC judge rules that Knoxville's only Black-owned radio station can keep its license
Atlantic nations commit to environmental, economic cooperation on sidelines of UN meeting
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Khloe Kardashian's New Photo of Son Tatum Proves the Apple Doesn't Fall Far From the Tree
Michigan State to fire football coach Mel Tucker amid sexual harassment investigation
A Chinese #MeToo journalist and an activist spent 2 years in detention. Their trial starts this week