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Supreme Court case over $15K tax bill could impact wealth tax and broader tax code

  • Charles and Kathleen Moore are challenging a $15,000 tax bill they believe is unconstitutional.
  • The case is supported by business and conservative interests and could affect other parts of the tax code.
  • There are inconsistencies in the Moores' claims about their investment in an Indian company.
  • The case involves a provision imposing a one-time tax on investors' foreign profits.
  • Experts suspect the case may be aimed at prohibiting a potential wealth tax on billionaires.
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