Summary Moore Money, More Tax Problems? Analyzing Moore V. United States www.forbes.com
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The US Supreme Court will hear a case challenging the transition tax, potentially leading to significant changes in the tax system.
Slides
Slide Presentation (7 slides)
Key Points
- The US Supreme Court is set to hear a constitutional challenge to the transition tax passed as part of the Tax Cuts and Jobs Act in the case Moore v. United States.
- The Moore v. United States case has the potential to bring significant changes to the tax system.
- Hank Adler disagrees with the Macomber case and believes that Glenshaw Glass provides a more accurate understanding of the definition of income.
- The complexity of treating corporations as flowthrough entities and the rules surrounding accumulated earnings and profits are discussed.
- The Supreme Court case of Carlton v. United States and its implications for taxation are mentioned.
- The tax rate in the United States is unique in that it is based on the liquidity of a foreign entity, with different rates for taxpayers with liquid assets and those with more unrecognized income than liquid.
Summaries
31 word summary
The US Supreme Court will hear Moore v. United States, a case challenging the transition tax under the Tax Cuts and Jobs Act. Significant changes to the tax system may result.
44 word summary
The US Supreme Court is set to hear the case of Moore v. United States, which challenges the transition tax implemented under the Tax Cuts and Jobs Act. This case has the potential to bring significant changes to the tax system. Hank Adler, a
262 word summary
The US Supreme Court is set to hear a constitutional challenge to the transition tax passed as part of the Tax Cuts and Jobs Act in the case Moore v. United States. This case has the potential to bring significant changes to the tax system. The
Hank Adler, a tax expert, discusses the importance of the Moore v. United States case in a podcast with Andrew Velarde. The case involves the Moores, who invested in an Indian farm tool business but never received a dividend or sold their
Hank Adler disagrees with the Macomber case and believes that Glenshaw Glass provides a more accurate understanding of the definition of income. He argues that the original public meaning of the 16th Amendment supports the exclusion of unrealized gains from
The text excerpt discusses various tax issues and potential implications of the Moore v. United States case. The speaker mentions the complexity of treating corporations as flowthrough entities and the rules surrounding accumulated earnings and profits. They also mention the Ninth Circuit case of 125
The excerpt discusses the Supreme Court case of Carlton v. United States and its implications for taxation. The author mentions that the Supreme Court has the authority to correct mistakes in tax laws and discusses two concurring opinions from Justices Sandra Day O'Connor and Scalia
The tax rate in the United States is unique in that it is based on the liquidity of a foreign entity. There are two tax rates: 8 percent for taxpayers with liquid assets and 15.5 percent for those with more unrecognized income than liquid