Where’s the line? The question Moore refused to answer

Most constitutional arguments happen in law schools and appellate briefs. This one happened in my clients’ portfolios. Moore v. United States, decided by the Supreme Court in June 2024, asked a question that sounds technical and isn’t: can the federal government tax income that has never been received? The case involved Charles and Kathleen Moore, who held a minority stake in KisanKraft Machine Tools Private Limited, an American-controlled corporation based in Bangalore, India. Recommended Stories Azerbaijan isn’t arming to invade Armenia — it’s arming to survive Russia and Iran America’s new political fantasy: The superhero The Strait is open. The threat remains They had never received a dividend, never repatriated a dollar, never seen the earnings in their bank account.

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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.