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.