US Supreme Court Tax Ruling

The Real Estate Espresso Podcast

On today's show we are looking at a verdict issued by the US Supreme Court in the case of Moore vs the United States. When the court rules unanimously then you can have reasonable confidence that the court’s interpretation of the law is consistent. But when you have dissenting opinions by judges who are supposed to be the most learned of legal scholars, it leaves major questions about the fairness of the legal system. In this case it was ruled by a vote of 7-2.

The case leaves the door open for further attribution of income that was not received by taxpayers and is deemed to be taxable even though the funds were never received.

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