Supreme Court Rejects Challenge to Trump-Era Tax

United States Supreme Court

The Supreme Court rejected Thursday a challenge to a 2017 tax law passed by Congress.

The case, Moore v. United States, considers whether the 16th Amendment permits taxing unrealized gains. Kathleen and Charles Moore sued for a refund in 2019 after they were hit with a $14,729 tax bill for their investment in an overseas company, though they never received any payment in earnings from the company.

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