Tax policy discussions intensifying in D.C., with significant implications for high-net-worth individuals, business owners, and financial advisors.
In 2020 a select group of affluent households demonstrated keen financial maneuver: earning substantial income while incurring zero tax liability.
Fewer people have filed their returns this year, the IRS reports. Also, Tax refunds remain markedly smaller than the same time a year ago.
State and local tax deduction proved political conundrum for both parties since lawmakers demand more tax breaks come from critical swing districts.
Bill Gates, a renowned advocate for equitable taxation, has recently amplified his call for the ultra-wealthy to contribute more in taxes.
Leaders of Congress tax-writing committees announced a nearly $80B bipartisan deal to enhance tax breaks for businesses and low-income families.
US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families.
