Tom Maloney

To get the capital gains break, the Commerce secretary must invest the proceeds of the sales in Treasury bonds or diversified exchange-traded or mutual funds.

Despite lingering uncertainty over the U.S. election, the country’s ultra-rich already have plenty to celebrate from Silicon Valley to Illinois.

A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president.