What is Taxable Income?

[jimtoo]

SCOTUS has granted cert to an interesting case that could change the definition of taxable income.

https://thehill.com/opinion/finance/4140521-historic-supreme-court-case-could-imperil-the-entire-us-tax-code/

[crparrothead]

Huh?
This could be interesting.

[Wintermute]

@crparrothead

Huh?

Basically our tax is overly complex. They need to make it more simple.

[crparrothead]

@Wintermute

Basically our tax is overly complex. They need to make it more simple.

Louder for the people in the back!!

[wmj]

@crparrothead

@Wintermute

Basically our tax is overly complex. They need to make it more simple.

Louder for the people in the back!!

No disagreement at all. Just be ready for the Law of Unintended Consequences to come into play.

[butler]

@Wintermute

Basically our tax is overly complex. They need to make it more simple.

Yes, but if you suggest a Flat Tax, or any other simplified system, the Left will claim its unfair. Its ironic to hear them complain about all the loopholes that wealthy people enjoy, then at the same time vote against the removal of these loopholes.

[Bears54]

@butler

Yes, but if you suggest a Flat Tax, or any other simplified system, the Left will claim its unfair. Its ironic to hear them complain about all the loopholes that wealthy people enjoy, then at the same time vote against the removal of these loopholes.