Capital gains taxes

The 400 wealthiest families slashed their income tax to an average rate of 8.2% from 2010-2018 because of preferential capital gains rates.

Two of the most generous tax loopholes are on the chopping block, the latest surprise in emerging tax increases.

The proposal to end the step-up in basis was already facing obstacles before it was left out of draft legislation.

President Joe Biden’s push to ramp up taxes on the wealthy is getting diluted by his Democratic allies in Congress, undermining his chances of fully delivering on his 2020 campaign pledge to curb America’s widening inequality.

While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.

Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

Key legislators are at odds over how high to increase levies on investment gains.

When notices arrive late; deferred FICA minefield; two decades a-wandering; and other highlights from our favorite tax bloggers.

Will the giant tax incentive thrive as a tool to defer, minimize and eliminate capital gains tax?