New SCOUS case on Taxes

[Winchester416]

Anybody tracking this case set to be heard on a couple claiming what income is, and thus what is able to be taxed via income tax?

Has allot of good potential if things go right...

Your coins, treasure, etc, would only become eligible for tax upon selling them, not upon taking possession of them. Gains in the market could only be taxed if you take possession of the money, deferred if you reinvest it in the market...

Could (hopefully) address if an income tax is even constitutional at all...

 

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[Whynotnow?]

Correction, treasures are only taxable if the government knows you have them.

 

[robertk]

You don’t pay your fair share to them...

There's nothing "fair" about taxes.

 

[Treasure_Hunter]

Post deleted, please keep politics out of thread...Thanks.

 

[FreeBirdTim]

One of most unethical tax laws. Taxing someone on something they never intended on selling. Find a jar of gold coins worth a million bucks? You owe the IRS half of that amount. Can't afford to pay? Sell half the hoard or go to jail. Ridiculous...