Tax rates

They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam.

For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.

Consumers in 2019 were more likely to say plans to hike taxes on the wealthy would harm economic growth than they were in prior years, despite it being a key campaign pledge for nearly every Democratic presidential candidate, according to a new University of Michigan survey.

The world’s second-richest person said he wants his fellow billionaires to pay much higher taxes.

The Global Intangible Low Taxed Income has created a lot of challenges for taxpayers, since it was instituted by the Tax Cuts and Jobs Act of 2017.

Democratic presidential candidate Michael Bloomberg pledged to support “taxing wealthy people like me” but dismissed a wealth levy tried in other countries and supported by rivals including Elizabeth Warren and Bernie Sanders because “it just doesn’t work.”

Moving to a lower-tax state is more attractive than ever in light of the TCJA's $10,000 cap on state tax deductions.

Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.

The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year.

The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules.