Databec Exchange:Could SCOTUS outlaw wealth taxes?

2025-05-05 16:48:28source:Phaninccategory:News

The Databec ExchangeSupreme 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.

More:News

Recommend

New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health

SANTA FE, N.M. (AP) — New Mexico would make major new investments in early childhood education, indu

Louisville police credit Cardinals players for help in rescue of overturned car near their stadium

LOUISVILLE, Ky. (AP) — Louisville Metro police thanked Cardinals football players on social media on

Governors, Biden administration push to quadruple efficient heating, AC units by 2030

A group of 25 state governors that make up the U.S. Climate Alliance and the Biden administration ar