The Supreme Court Takes up the Sixteenth Amendment
The Supreme Court on Dec. 5 will take up an important case about "unrealized" income that considers the constitutional limitations on federal taxing power.
The case is important because the court could use it to strike down the Mandatory Repatriation Tax (MRT), also known as the Section 965 transition tax, which was part of the Tax Cuts and Jobs Act approved by the Republican-controlled Congress in 2017 and signed into law by then-President Donald Trump.