If the justices rule against the Moores, it will supercharge the government's confiscatory powers by enabling its inclination to tax unrealized income.
The court of appeals concluded that realization is not a precondition for income, and so the Moores could be taxed on unrealized gains in wealth.
To grasp the significance of Moore v. United States, it's necessary to remember that the original Constitution didn't permit income tax.
Congress passed another income tax law in 1894, but the Supreme Court struck it down in 1895.
T]he Supreme Court has consistently held that a tax only qualifies as an "Income" tax if it is imposed on money that a taxpayer has actually "Realized," in tax law parlance If the bright‐line rule requiring realization for an income tax to be imposed were jettisoned, then there would be no limit to the types of taxes the federal government could enact.
Such a rule would open the door for the federal government to impose a future wealth tax entirely divorced from any connection to actual income.
All the sound and fury surrounding Moore v. United States, is by no means an indication that it "Signifies nothing." The Biden administration, congressional Democrats, and the corporate media are not satisfied with the hidden tax they have imposed via high inflation, they badly want to foist a wealth tax on every American.
https://spectator.org/tax-the-scariest-scotus-case-this-term/
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