‘Quadrillion-dollar’ tax case leaves Supreme Court justices exploring narrow resolution  ...Middle East

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The Supreme Court explored ways to narrowly resolve a major tax case during oral arguments Tuesday, with justices raising concerns about sweeping consequences if they fully adopt either side’s position. Specifically, the justices are weighing the constitutionality of a provision enacted as part of then-President Trump’s sweeping 2017 tax bill on Tuesday. But at the heart of the dispute is an issue that the Biden administration warns would pose ramifications for large swaths of the U.S. tax code and one tax expert raised as a "quadrillion-dollar” question: whether the federal government can tax unrealized income without apportioning it among the states. Experts and advocates on bo

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