Could SCOTUS outlaw wealth taxes?


Enlarge this image

People participate in a “March on Billionaires” in the summer of 2020. The march called on the NY Governor to pass a tax on billionaires.

Spencer Platt/Getty Images

hide caption

toggle caption

Spencer Platt/Getty Images

People participate in a “March on Billionaires” in the summer of 2020. The march called on the NY Governor to pass a tax on billionaires.

Spencer Platt/Getty Images

The Supreme Court is set to hear arguments next week on whether the federal government can tax some “unrealized” gains. That’s when an asset you hold, rather than sell, gains value. Tax experts say it’s the biggest constitutional tax case seen in a century.

Today, we lay out the stakes and the massive implications for government revenue, taxpayers, and even wealth inequality.

Related Episodes:
Could a wealth tax work

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

Read More:   Disney set to crack down on password sharing