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The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.
April 22 -
States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.
April 17 -
President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.
April 17 -
The openness to a new 40% tax bracket for millionaires comes after decades of Republicans opposing any form of tax increase.
April 8 -
As the expiration of key Tax Cuts and Jobs Act provisions looms, tax pros are preparing for what could be another period of upheaval.
March 28Bloomberg Tax & Accounting -
Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for an effective preemptive strike.
March 25Casner & Edwards -
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What will the tax implications be for CPA clients and practice owners? Where are interest rates headed? What about inflation?
February 11Oak Street Funding