Capital gains taxes

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?

A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients.

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals.

Clients can begin planning now for potentially higher tax rates.

Most advisors don’t know about the tax benefit for qualified small business stock, which can put millions of dollars tax-free into an entrepreneur-client’s bank account.

Wyden’s proposed legislation would require them to pay tax annually on unrealized gains.

OZ funds can make a good investment better, but they can’t make a bad investment a good one.