A Washington state couple's nearly $15,000 tax bill was debated by the Supreme Court on Tuesday, in a case the Biden administration says could have "far-reaching consequences," potentially costing the government more than $5 trillion. At issue is whether ...

Justices on both sides of the ideological spectrum pressed a lawyer representing taxpayers who are seeking to throw out a repatriation tax on certain overseas earnings.

In a Supreme Court case revolving around one couple’s disputed tax bill, justices Tuesday wanted to explore the case’s potential broader implications, while opposing lawyers wanted them just to stick to the case at hand.

The justices looked for an even keeled ruling in a case that has the potential to leave the government out trillions in tax revenue.

The case before the justices Tuesday could have sweeping implications for the U.S. tax system and derail proposals from some Democrats to create a wealth tax.

The challenge by a Washington state couple is widely viewed as an effort to preemptively block Congress from creating a wealth tax.

The Supreme Court is taking up a case over a Washington couple’s $15,000 tax bill that is widely seen as a test of a never-enacted tax on wealth

The Justices can block an unconstitutional tax on appreciated assets in Moore v. U.S.