Income taxes

The Build Back Better reconciliation bill would raise the SALT cap to $80,000 from $10,000, and that impact varies widely from state to state.

David Wessel of the Brookings Institution talks about his new book “Only the Rich Can Play: How Washington Works in the New Gilded Age.”

Democrats, unable to gain traction on taxes that affect only the ultra wealthy, have turned to trusts as little as $200k.

The latest proposal underscores a fierce fight in Congress over ways to pay for Biden's slimmer social-spending agenda.

Money managers are hiking bets on the great inflation trade of 2021, as the biggest risk to price stability in more than a decade rocks corporate boardrooms and Wall Street trading floors.

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.

Good luck getting in to see an estate planner if you don’t already have one. Cross your fingers if you do.

While Biden isn’t getting some of his proposed tax increases on the wealthy, some surprising new hikes may be in the works.

Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.

A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients.