Unrealized Gains Supreme Court Case Could Change Wealth Taxes

Does a one-time mandatory tax on unrealized foreign gains violate the Constitution? The U.S. Supreme Court decides in a landmark tax case.

Supreme Court building for unrealized gains case
(Image credit: Getty Images)

Taxing unrealized gains is at the core of a case that the U.S. Supreme Court is considering that could change how wealth is taxed in the U.S. The plaintiffs in Moore v. United States argue that a mandatory repatriation tax introduced by the 2017 Tax Cuts and Jobs Act (TCJA) is unconstitutional.


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Kelley R. Taylor
Senior Tax Editor, Kiplinger.com

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.