This is disturbing to think that the supreme court could rewrite the tax code Supreme Court May Upend the U.S. Tax Structure (msn.com) The think tanks wrote that legal scholars believe the Supreme Court "could rule in a variety of different directions—each with different impacts on Congress' past and future taxing powers." If the high court sides with the plaintiffs, almost 400 multinational corporations could collectively receive $271 billion in tax relief. The report noted Chief Justice John Roberts and Associate Justice Samuel Alito are said to own stock in 19 companies that could receive a combined $30 billion if the court strikes down the repatriation tax. Newsweek reached out to the public information officer for the Supreme Court via email for comment. The report also argues that depending on the scope of the decision, the Supreme Court could "supplant Congress as a major American tax policymaker, putting at legal jeopardy much of the architecture of laws that prevent corporations and individuals from avoiding taxes, and introducing great uncertainty about our democracy's ability to tax large corporations and the most affluent."
GOP is/has wrought the ruination of the US. It seems shockingly fast to me. I’m 100% resolved I’m getting out while the getting is good.
Door is very wide open man. Canada is still waiting for all those actors to arrive from when Trump was elected.
I don’t do cold. Spain, Portugal or Panama for me. Have to stick around as long as me parents are around
Suggest you look at getting dual citizenship. That way when those countries go south you can come back…
The hell with that. I’ve lived abroad and travelled extensively. Many wonderful places to live and I have the resources to do it. I see what’s happening as irreversible. We are one election from the end of democracy as we know. I’m done with the shitheads.
That would be a nightmare, how would you determine the value of it. Let's say someone buys an empty warehouse, do you have to appraise it every year to determine the value?
It’s debatable. Eisner v Macomber is a good place to start. Eisner v. Macomber, 252 U.S. 189 (1920) ARTICLE XVI. The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
The don't reappraise property for property taxes every year in Oklahoma, not sure how they do it in other states. They don't have enough people to appraise every piece of property every year. Take another example, someone buys a painting and hangs it in their house. Do you reappraise the painting every year?
