High net worth

Individuals have already started receiving requests for information, according to tax attorneys.

Biden’s approach might be politically astute, but from a fiscal-design point of view, it’s partially self-defeating, Bloomberg’s Clive Crook writes.

Bizarrely, the administration’s plan targets two loopholes that pass-throughs often use to lower their tax bills, says Bloomberg's Alexis Leondis.

The administration's proposal for the capital-gains tax rate is in part a throwback to the Reagan years, an expert says.

The new rate, up from the current 37%, would encompass less than 1% of taxpayers, a White House official said.

The administration’s American Families Plan includes a bump in the top tax rate to 39.6%, but doesn’t specify thresholds for different types of filers.

The actively managed offering will be available as soon as this summer, according to sources familiar with the plans.

If passed, the package would end the step-up in basis provision, which will mean significantly larger tax bills for wealthy estates.

Bailard appointed Sonya Thadhani Mughal under a succession plan and a series of moves unveiled by the wealth and fund company.

The Samsung dynasty’s art collection, including classic paintings by Picasso and Monet, is estimated to be worth between $2.2 billion and $2.7 billion.