Capital gains taxes

Financial advisors can delight their newest customers by steering them away from the typical traps, deploying new strategies and using technology, experts said.

State tax rates on capital gains vary across the country.

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight.

Leaving Washington state, which in 2022 introduced a 7% tax on capital gains, could have saved Bezos $288 million in taxes after he unloaded $4 billion of Amazon.com stock in the past week.

Investors have a wealth of options for putting their capital gains to work through this program.

Money manager Brian Heywood has already spent nearly $7 million of his own money to get six ballot initiatives in front of Washington State voters this November, half of them tied directly to taxes.

There are no tax-free exchanges of artwork, but there are ways to spread out the capital gains tax over many years through the use of trusts.

Deferral of taxes is the name of the game when it comes to eeking out extra profits.

More art than science, financial advisors can face difficulty in determining what constitutes a "substantially identical" security.

While a securities-based loan is more commonly used to buy a fancy house or take a dream vacation, it's also an underused strategy for some affluent investors to pay large tax bills.