Tax rates

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.

The White House is holding informal talks about a second round of tax cuts to announce during the 2020 presidential campaign.

Not as many companies are planning to increase employee wages as a result, according to a new survey by BDO USA. Instead more companies are planning to do stock buybacks, increase corporate dividends and pursue mergers and acquisitions.

Rep. Jimmy Gomez, D-Calif., introduced legislation Friday modeled after the estate tax bill sponsored in the Senate by Sen. Bernie Sanders, I-Vt.