Larry Summers is ‘Appalled’ by the Private Equity Carve Outs in the Inflation Reduction Act
He has a quibble with two of the late changes to the bill that let wealthy hedge fund managers and venture capital partners avoid paying higher taxes.
Recent
Wells Fargo Seeks $30 Million in Tax Breaks for Suburban Dallas Office Hub
Wells Fargo & Co. is seeking millions of dollars in tax breaks for a new office campus in a suburb of Dallas.
Will Ivana Help Donald Trump with Tax Breaks from Beyond the Grave?
First wife’s resting place in Trump’s New Jersey golf course might benefit ex-husband’s long-held tax planning purposes.
Bill Ackman Calls Carried Interest Loophole an 'Embarrassment' After New Tax Bill
Bill Ackman may be an unlikely ally in Democrats bid to end long time tax rule enjoyed by some of Wall Street’s richest executives.
Rich Wall Streeters Face Shock Tax Hike While Rest of Wealthy Escape
Wealthy Americans, who were girding for the biggest set of tax increases in three decades just a year ago, now look mostly safe from higher levies.
Can IRA Transactions Trigger the Wash-Sale Rule?
If you sell stock at a loss, you should be able to use loss to offset gains on your income taxes, right? Right except if you violate wash-sale rule.
Tax Groups Urge Biden Administration to End Pause on Student Loan Payments
Moratorium on federal student loan payments unfairly burdens taxpayers, contributes to out-of-control gov. spending. - Coalition of conservative orgs.
