Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Syke
on 21/10/2021, 03:51:07 UTC
⭐ Merited by JayJuanGee (1)
Pretty sure that will be deemed Ex Post Facto and deemed Unconstitutional if it even makes it to the final bill.
You can't have punitive tax policy put into effect after the decision has already been made. The result would be far too destabilizing and I think it will be nullified in the courts.

You would think so, but it could stand.

https://www.law.cornell.edu/supct/html/92-1941.ZO.html

Quote
Court repeatedly has upheld retroactive tax legislation