A battle over a Washington couple's $15,000 IRS bill is threatening to rewrite America's tax code. Oral arguments began today in the case of Charles V. United States over a 2017 Trump-era tax rule. The measure affects few Americans but an overturning of it could redefine how income is taxed in the US, cost the federal government hundreds of billions of dollars and jeopardize Biden's billionaires' tax. Former Speaker of the House Paul Ryan today said the challenge was 'misguided' and could make much of the tax code 'unconstitutional.'
Load More
Load More