Reported 11 months ago
The Supreme Court recently made a significant decision on taxing offshore earnings, which did not directly affect the fight over wealth taxes. The decision was narrow, emphasizing that it only pertained to specific provisions of the 2017 tax cuts. Both supporters and opponents of a wealth tax interpreted the ruling in their favor. The outcome suggests that the fate of proposals to increase taxes on the wealthy may depend on the results of the upcoming elections, with potential changes looming on the horizon due to expiring tax cuts.
Source: YAHOO