Federal Income Taxes
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FEDERAL TAX ON UNREALIZED INCOME CONSTITUTIONAL
The United States Constitution has, since 1788, prohibited the federal government from imposing a “direct […] Tax” “unless in the Proportion to the Census of Enumeration herein before directed to be taken.” U.S. Constitution, Article I, Section 9. In 1913, the Constitution was amended to allow the United States to tax “incomes, from whatever source… Continue reading
