Unless the Supreme Court Stops Them, Congress Will Pick Our Pockets Even More

The income tax has always taxed our income as we receive it. Money we haven't actually received, like an increase in value of a stock we hold, isn't taxed until the stock is sold and we actually have the money in hand. But now, Congress is trying to tax us on these unrealized gains. This fall, the Supreme Court will decide if that's legal or not. If the Court rules in favor of the government, that will be just one more reason why we need to replace the entire income tax system with the FAIRtax.