A case now heading to the Supreme Court could make many government taxes illegal. Legal experts believe that a key ruling on this could cost the federal government several trillions of dollars in lost taxes. And that also means American citizens would have trillions of dollars in money that isn’t seized through taxes. In this live Q&A with Crossroads host Joshua Philipp, we’ll discuss this topic and others, and answer questions from the audience.
It drives me absolutely insane when the phrase "could cost the federal government" is used - If I'm stealing money from you, and you find out and shut down my ability to do so, you didn't cost me money. I wasn't entitled to it in the first place.
I believe the case relates to reinvesting investments, and if tax is due at re-investment instead of at the time the income is realized in cashing out. I read a similar headline a couple days ago. I don’t believe the issue is tax on wages. Hope I’m wrong.
Dec-07-2023
A case now heading to the Supreme Court could make many government taxes illegal. Legal experts believe that a key ruling on this could cost the federal government several trillions of dollars in lost taxes. And that also means American citizens would have trillions of dollars in money that isn’t seized through taxes. In this live Q&A with Crossroads host Joshua Philipp, we’ll discuss this topic and others, and answer questions from the audience.
It drives me absolutely insane when the phrase "could cost the federal government" is used - If I'm stealing money from you, and you find out and shut down my ability to do so, you didn't cost me money. I wasn't entitled to it in the first place.
I believe the case relates to reinvesting investments, and if tax is due at re-investment instead of at the time the income is realized in cashing out. I read a similar headline a couple days ago. I don’t believe the issue is tax on wages. Hope I’m wrong.
Money not stolen is not lost.