Supreme Court Ruling on Taxing ‘Unrealized’ Overseas Income Could Ultimately Affect a Wider Swath of Americans: Analyst

The Supreme Court has upheld a Trump-era tax policy that allows the federal government to tax profits on overseas income that only exist on paper, and that are thus “unrealized.” NTD discusses this with Joe Luppino-Esposito, a deputy legal policy director at the Pacific Legal Foundation, who says the ruling could affect a wider range of people, such as those with estates or investments—if the Supreme Court were to turn back and declare the issue to be a wider one than they believed initially.