For months, the kinds of people who anxiously await Supreme Court decisions on technical tax issues have anxiously awaited a Supreme Court decision on a technical tax issue. But while such behavior can sometimes be chalked up to how us D.C. tax policy wonks like to spend our time, this time it was very much justified — depending on the direction it decided to take, the Supreme Court could have done anything from undermining vast swathes of the tax code to giving Congress the go-ahead to levy a wealth tax.
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