This lawsuit could disrupt the U.S. tax system

The fate of an obscure provision of President Trump’s 2017 tax package has many experts panicked over the potential to destabilize the nation’s tax system.

  • In addition, some say the outcome could preemptively block Congress from creating a wealth tax.
  • But the case has also exposed questions about the accuracy of the personal story a Washington state couple presented to the court in making their constitutional challenge to the tax, a one-time levy on offshore earnings.

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