Clarence Thomas signals a diabolical plot after his stunning dissent in a recent Supreme Court tax code ruling, as experts believe he is planning to create tax mayhem by dismantling the 16th amendment in order to benefit the ultra-wealthy in America. John Iadarola and Sharon Reed break it down on The Damage Report.
“Supreme Court Justice Clarence Thomas recently found himself on the losing side of a case known as Moore v. United States where the justices turned away a bid by wealthy conservatives to gut the federal tax code and prevent the establishment of a wealth tax in the future. But Thomas would have gone much further, wrote court analyst Mark Joseph Stern for Slate.
Rather, he wrote, Thomas — who has been at the heart of several recent scandals involving undisclosed gifts from billionaires — wanted to blow up the 16th Amendment, limiting the ability of the United States to tax income altogether.
At issue was a pair of investors who wanted to strike down an obligation, laid out in former President Donald Trump’s 2017 tax cut bill, to pay a one-time tax on investment income outside the United States.”
Read more here: Clarence Thomas signals his intent to blow up the entire federal tax code: analyst
#TheDamageReport #JohnIadarola #TheYoungTurks
Economy
Legal
Gov-Politics
