Commentary
In June. a three-judge panel of the Ninth Circuit Court of Appeals in Moore v. United States opened the constitutional door to progressive tax theories that support radical new and significant “income taxes.” For progressives, the case is a dream come true. For everyone else, it’s a dream that should be reversed at a full hearing before either the entire Ninth Circuit Court of Appeals or the U.S. Supreme Court.
Moore opens the door to taxation of appreciation, retroactive taxation of events that occurred decades and decades ago, and to developing income tax rates that have little or nothing to do with income….