Supreme Court will decide whether Congress can tax wealth

The Supreme Court announced Monday it will weigh in on the constitutionality of wealth taxes.

  • They will decide whether Congress may require taxpayers to pay their share of earnings from a foreign company, even if they received no dividends or income.

The case of Charles and Kathleen Moore, and their $14,729 tax bill, has garnered much attention on the right because of what it could mean if progressive Democrats take control of Congress.

  • The Moores said they received no income or dividends from their investment in a company in India which supplies equipment to small farmers, and they sued, alleging the tax was unconstitutional.

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