16th Amendment

Legislation / PolicyMentioned in 1 video

The constitutional amendment that permits Congress to levy an income tax. It was argued that this amendment might prohibit taxation on unrealized capital gains, but a Supreme Court ruling suggests otherwise.

Videos Mentioning 16th Amendment

Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions

Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions

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The constitutional amendment that permits Congress to levy an income tax. It was argued that this amendment might prohibit taxation on unrealized capital gains, but a Supreme Court ruling suggests otherwise.