Supreme Court Dispute: $15,000 IRS Bill Targets Never-Enacted Billionaire Tax

A Supreme Court case involving a $15,000 tax bill is raising questions about a never-enacted tax on billionaires. Charles and Kathleen Moore claim they had to pay the money due to their investment in an Indian company, but public records suggest inconsistencies in their story. The case, backed by business and conservative interests, challenges a provision of the 2017 tax bill and could have broader implications for the U.S. tax code. Experts suspect the case was manufactured to target the proposed wealth tax on billionaires. The outcome could impact other tax provisions and potentially affect the finances of some Supreme Court justices.