In Moore v. United States, will the Supreme Court rule that the Mandatory Repatriation Tax (MRT) is unconstitutional as to the Moores?
Closed Jun 20, 2024 02:00PM UTC
Created by the Tax Cuts and Jobs Act of 2017, the MRT requires that taxes be paid on certain corporate earnings and profits from controlled foreign corporations (i.e., foreign corporations that are majority owned by US persons) (Casetext - Moore v US 9th Circuit, Tax Foundation). The Moores, investors in an Indian company, challenged the MRT as unconstitutional because it was, among other things, beyond the scope of income taxes permitted by the 16th Amendment to the US Constitution (Oyez). The outcome of the case may touch on the constitutional viability of a federal "wealth tax" in the US (ABC News, Bloomberg Tax). The Supreme Court is expected to hand down its decision in its 2023 term, but if it does not, the question will close as "No." If the Court decides this case without addressing this question's particular issue of law, the question will close as "No."
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The question closed "No" with a closing date of 20 June 2024.
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Possible Answer | Correct? | Final Crowd Forecast |
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Yes | 32% | |
No | 68% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 26 |
Average for questions older than 6 months: 196 | |
Number of Forecasts | 89 |
Average for questions older than 6 months: 560 |
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Participants in this question vs. all forecasters | average |