Libertarian
10 Commandments, 2 SCOTUS Decisions, 30 Dropped Charges | Libertarian: Richard Epstein | Hoover Institution
Jun 21, 2024
Richard Epstein, Libertarian scholar, discusses Supreme Court tax case, First Amendment in Louisiana, and Manhattan DA's leniency towards Columbia protestors. Topics include taxation of corporate income, unrealized income, displaying religious symbols in public institutions, and criticism of Manhattan DA's actions.
23:06
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Quick takeaways
- The US Supreme Court's ruling on taxing foreign earnings raised complexities in shareholder taxation and corporate income.
- Louisiana's mandate to display the Ten Commandments in public schools raises First Amendment concerns over favoring religious practices.
Deep dives
Taxation of Foreign Earnings and Unearned Taxation Case
The US Supreme Court decided a 7-2 ruling in favor of taxing foreign earnings under the 2017 Tax Cuts and Jobs Act, which raised questions about taxing unrealized corporate earnings. The case questioned the timing of taxing income before its distribution, posing a challenge on shareholder taxation and corporation income. The ruling highlighted the technical complexities and timing issues involved in the taxation of corporate earnings.
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