As SCOTUS winds down its session this year, a seemingly abstruse case whose ramifications may be profound pops as one to watch next term (commencing in October).
At issue is a serious question:
Can you be made to pay income tax on income you never received?
because if you can, this opens all kinds of floodgates of novel tax ideas like “unrealized cap gains” or “undistributed corporate income.”
here’s the frame:
https://boriquagato.substack.com/p/moore-v-united-states-the-most-important