Latest / On The Record with Christian Briggs
Unrealized Capital Gains Tax
In 2017, then President Trump decided to repatriate trillions of dollars of overseas gains that have not been realized but exist in order to get that money to get back to the United States and help the economy. There was bipartisan support to create a law for a one-time tax on the unrealized gain of the value of assets. That law then went into effect as the Unrealized Capital Gains Tax. On June 20th of this year, in a 7-2 decision, the Unrealized Gains Tax Survived the U.S. Supreme Court. The Supreme Court’s ruling in the Moore tax case reaffirmed how income is taxed in the United States…
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