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U.S. NEWS Monday 16 october 2023
A Supreme Court dispute over a $15,000 IRS bill may be aimed at a

never-enacted tax on billionaires

Continued from Front put up in 2006. issue, the tax on billionaires
Moore also was prepared that has been proposed
The Moores are the lat- to invest an another rough- by some prominent Demo-
est example of plaintiffs ly $250,000. That money crats but never enacted.
whose lawsuits seem to was ultimately returned by A wealth tax would apply
simply be exercising their KisanKraft, along with 12% not to the incomes of the
legal rights, but whose cas- interest. very richest Americans,
es are backed by others One other inconsistency but their assets, like stock
with enormous amounts of is that while the Moores holdings, that now only get
money or a consequential say they jointly invested taxed when they are sold.
social issue at stake. The the money, only Charles “There really was no reason
Moores sought help from Moore’s name appears in for the court to take it on,
the anti-regulatory Com- company documents. other than to send a signal
petitive Enterprise Institute. The couple and their law- to warn off the Congress
Underscoring the case’s im- yers did not disclose any from passing a billionaire
portance at a recent Her- A sign outside the Internal Revenue Service building is seen, of that information in legal tax,” said Steven Rosenthal,
itage Foundation event, May 4, 2021, in Washington. filings in three different fed- a senior fellow at the Ur-
lawyer Paul Clement said, Associated Press eral courts, including the ban-Brookings Tax Policy
“The constitutionality of a Supreme Court. Center.
wealth tax may well be de- to them, in order to off- over the company, Moore, “The original declaration Other provisions of the tax
cided in the context of this set other tax benefits. The who worked at Microsoft on which the case is built is code could be upended
case.” measure is expected to during his career in soft- full of lies,” said Reuven Avi- by the court’s decision,
Details of the Moores’ in- generate $340 billion in tax ware development, served Yonah, an international tax including measures relat-
volvement with the com- revenues. on KisanKraft’s board of di- expert at the University of ing to partnerships, limited
pany, initially called KisanK- The Moores, along with rectors for five years. Michigan law school. liability companies and
raft Machine Tools Private the U.S. Chamber of Com- “The story the Moores told In a brief conversation with other business formations,
Limited, were first reported merce and conservative about Charles’ involve- The Associated Press, Kath- Rosenthal said.
by Tax Notes, which caters think tanks, contend that ment with KisanKraft is di- leen Moore said she and Changes to those provi-
to tax professionals. The the provision violates the rectly at odds with the fidu- her husband would not dis- sions also could affect
public documents are fil- 16th Amendment, which ciary responsibilities of an cuss the case and referred some justices’ finances.
ings with the Indian govern- allows the federal govern- individual holding a board questions to their lawyers. Chief Justice John Roberts
ment. ment to impose an income seat for an Indian com- Andrew Grossman, the holds a one-eighth interest
At issue in the case is a pro- tax on Americans. pany,” Mindy Herzfeld, a Moore’s lead attorney, did worth up to $15,000 in an
vision of the 2017 tax bill The $15,000 tax bill was professor of tax practice at not respond to messages Irish partnership that owns
enacted by a Republican- for the Moores’ share of the University of Florida law seeking comment. a cottage in county Lim-
controlled Congress and KisanKraft’s profits. school, wrote in Tax Notes. The omissions, along with erick, Ireland, and Justice
signed by then-President “If you haven’t received And there are other indi- the Moores’ failure to take Clarence Thomas’ wife,
Donald Trump. The law ap- any income, how can you cations of Moore’s more advantage of other legal Ginni, owns a limited liabil-
plies to companies that be required to pay income extensive involvement with options that would have ity company that gener-
are owned by Americans, taxes?” Charles Moore asks KisanKraft than his testimo- deferred, if not eliminated, ated between $50,000 and
but do their business in for- in a video posted by the ny indicated. The company their tax liability make Avi- $100,000 in income last
eign countries. It imposes a Competitive Enterprise In- paid for his travel to India Yonah and other experts year from Nebraska real
one-time tax on investors’ stitute. four times and he made at in international tax law sus- estate, according to the
shares of profits that have But far from being a passive least two investments be- pect the case was manu- justices’ financial disclosure
not been passed along investor with no influence yond the $40,000 stake he factured to get at a larger forms.q

Annual window to shop for Medicare

Advantage plans returns on Sunday

By TOM MURPHY The non-profit KFF analyzed Medicare.
AP Health Writer a national survey of people A small portion of the plans
Open enrollment for Medi- with Medicare and found provide rebates for the pre-
care opens Sunday, and that only about a third mium paid for Medicare's
seniors could have dozens compared their coverage "Part B" outpatient cover-
of options. options during a recent en- age, said Tricia Neuman, a
During the enrollment pe- rollment period. Medicare expert with KFF,
riod, which ends Dec. 7, Medicare is the federal cov- which studies health care
people will have the op- erage program for those issues.
portunity to choose be- age 65 and over and some The Centers for Medicare
tween traditional Medicare people with disabilities who and Medicaid Services said
and privately run Medicare are younger. Medicare Ad- Thursday the monthly pre- A page from the 2019 U.S. Medicare Handbook is displayed on
Nov. 8, 2018, in Washington.
Advantage plans in their vantage plans provided by mium for that coverage Associated Press
area, as well as prescription insurers frequently offer pre- will climb 6% for next year
drug plans. scription drug coverage , to $174.70. That's up from lions of Social Security re- justment means the aver-
But research shows that as well as extra benefits like $164.90 in 2023. cipients will get a 3.2% in- age Social Security recipi-
most people don't bother dental or vision coverage The federal government crease in their benefits next ent will receive at least $50
shopping. not provided by traditional also said Thursday that mil- year. The cost-of-living ad- more every month. q