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SCOTUS Reviews Washington Couples’ Income Tax Suit Some Say Could Nullify Tax Code
Episode 164
While the U.S. Supreme Court has yet to announce whether it will take up a case regarding whether or not a Washington state capital gains tax is an income tax, it is currently reviewing the legality of a federal tax that poses its own legal challenge. The lawsuit filed by a Washington couple disputes whether they owe $15,000 under a one-time tax enacted in 2017 that applies to the earnings of U.S. residents who generated income from shares in foreign companies.
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Published on 2 years ago