Supreme Court decisions today

2024 - 6 - 20

Supreme Court Upholds Trump-Era Tax on Foreign Earnings - What You Need to Know!

domestic abuse - foreign income tax - gun control - gun rights - Supreme Court - Trump-era tax provision

Find out how the Supreme Court's recent decision on Trump-era tax provision impacts billionaires and the US tax code.

The Supreme Court recently made a significant decision, upholding a Trump-era tax provision on foreign earnings. In a 7-2 ruling, the court deemed the mandatory repatriation tax constitutional under Article I and the 16th Amendment. This decision, closely watched by experts, not only addressed a one-time foreign income tax but also had broader implications for tax laws. The ruling was seen as a victory for maintaining the integrity of the US tax code.

Despite the victory for the government and some investors, the decision has sparked concerns among progressive proponents of wealth taxes. While most justices supported upholding the tax provision, the decision is perceived as problematic for those advocating for more progressive tax policies. The implications of this ruling may have far-reaching effects on future tax reform efforts and discussions around the taxation of the wealthy.

As the Supreme Court continues to release more decisions, attention remains on key issues such as abortion rights, social media regulations, and Trump's potential prosecution. The rejection of a challenge to the tax on foreign corporate earnings underscores the court's stance on tax-related matters. The court's actions reflect a balancing act between upholding existing tax laws and the potential for future legal challenges.

In the realm of tax law, understanding the nuances of Supreme Court decisions is crucial. The recent ruling on offshore tax highlights the complexities of interpreting and upholding tax provisions. While the government celebrates this victory, the debate around tax reform and the taxation of foreign earnings is far from over. Stay tuned for more updates on how these decisions shape the future of tax policy in the United States.

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Image courtesy of "CBS News"

Supreme Court upholds Trump-era tax on foreign earnings, skirting ... (CBS News)

The court ruled 7-2 that the so-called mandatory repatriation tax is constitutional under Article I and the 16th Amendment.

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Image courtesy of "The New York Times"

Supreme Court Upholds Trump-Era Tax Provision on Foreign Income (The New York Times)

The dispute, which was closely watched by experts, involved a one-time foreign income tax, but many saw it as a broader challenge to pre-emptively block ...

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Image courtesy of "USA TODAY"

Supreme Court decision saves Trump-era tax change, dodges big ... (USA TODAY)

A major change in tax laws signed by Trump in 2017 had a one-time tax on foreign earnings for some investors.

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Image courtesy of "Vox"

The Supreme Court's new tax decision is great news for billionaires (Vox)

Most of the justices voted not to blow up the US tax code, but the opinion has bad news for progressive proponents of wealth taxes.

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Image courtesy of "The Guardian"

Supreme court to release more decisions Friday after upholding ... (The Guardian)

Court delivers rulings on lower-profile cases as decisions on abortion rights, social media and Trump's prosecution for election meddling remain pending.

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Image courtesy of "NBC News"

Supreme Court rejects challenge to tax on foreign corporate ... (NBC News)

Conservative Justice Samuel Alito declined to recuse himself after a lawyer involved in the case interviewed him for an article published in The Wall Street ...

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Image courtesy of "The Washington Post"

Supreme Court upholds Trump-era tax provision on offshore earnings (The Washington Post)

Some viewed the challenge to the one-time tax on offshore earnings as an effort to preemptively block Congress from creating a wealth tax.

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Image courtesy of "WUNC"

Supreme Court hands government a victory in offshore tax ruling (WUNC)

The Supreme Court ruled against a couple who challenged the constitutionality of a Trump-era tax provision, handing the government a victory in a case that ...

Supreme Court hands government a victory in offshore tax ruling (WMRA Public Radio)

The Supreme Court ruled against a couple who challenged the constitutionality of a Trump-era tax provision, handing the government a victory in a case that ...

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Image courtesy of "NPR"

Supreme Court upholds federal ban on guns for domestic abusers (NPR)

The decision was the first major gun ruling since 2022 when the high court broke sharply with the way gun laws had previously been handled by the courts.

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Image courtesy of "Texas Tribune"

U.S. Supreme Court allows gun restrictions for domestic violence ... (Texas Tribune)

Justices ruled that the federal government did not violate a Texas man's Second Amendment rights when barring him from possessing firearms.

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Image courtesy of "Rolling Stone"

Domestic Abuse Victims' Families Relieved by Supreme Court ... (Rolling Stone)

The Supreme Court upheld a law prohibiting the possession of firearms by anyone subject to domestic-violence restraining orders.

Attorney General Merrick B. Garland Statement on Supreme Court's ... (Department of Justice)

The Justice Department issued the following statement from Attorney General Merrick B. Garland on the Supreme Court's decision in United States v. Rahimi:.

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Supreme Court upholds domestic violence gun restriction (NBC News)

The Supreme Court upheld a federal law that prohibits people subjected to domestic violence restraining orders from having firearms, taking a step back from ...

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Image courtesy of "NBC4 Washington"

Supreme Court upholds law that bars domestic abusers from having ... (NBC4 Washington)

The Supreme Court upheld a federal law that prohibits people under domestic violence restraining orders from owning firearms.

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Image courtesy of "Axios"

SCOTUS upholds limits on domestic abusers' gun rights (Axios)

The Supreme Court on Friday upheld a law that prevents people who are subject to a restraining order for domestic violence from possessing firearms.

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Image courtesy of "CNN"

Supreme Court upholds law barring domestic abusers from owning ... (CNN)

The Supreme Court upheld a federal law Friday that bars guns for domestic abusers, rejecting an argument pressed by gun rights groups that the prohibition ...

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Image courtesy of "The New York Times"

Supreme Court Upholds Law Prohibiting Domestic Abusers From ... (The New York Times)

The decision amounted to a retreat from what had been an unbroken series of major decisions expanding gun rights that started in 2008.

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Image courtesy of "PBS NewsHour"

Supreme Court upholds gun control law used to protect domestic ... (PBS NewsHour)

The justices ruled Friday in favor of a 1994 ban on firearms for people under restraining orders to stay away from their spouses or partners.

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Image courtesy of "SCOTUSblog"

Supreme Court upholds bar on guns under domestic-violence ... (SCOTUSblog)

The Supreme Court on Friday upheld a federal law that bars anyone subject to a domestic-violence restraining order from possessing a gun. By a vote of 8-1, ...

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Image courtesy of "ABC News"

Supreme Court says domestic abusers can be temporarily disarmed (ABC News)

The U.S. Supreme Court on Friday upheld a federal ban on firearms for domestic violence offenders.

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Image courtesy of "Vox"

The Supreme Court refuses to accept blame for its worst guns decision (Vox)

US v. Rahimi is completely incoherent, and it faults lower courts for the justices' own incompetence.

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