Taxes News & Analysis

The richest sliver of Americans now own a record share of the wealth, and tweaking income taxes is unlikely to change that.

President Trump is reportedly considering raising the top income-tax rate to 39.6% for individuals making at least $2.5 million and joint filers earning at least $5 million. But wealthy taxpayers have options to play defense with their money.

Fight is underscoring scrambled political alliances surrounding Biden-era Inflation Reduction Act

The federal government may lose more than $500 billion per year to fraud, per GAO estimates.

After musing publicly and privately with the idea of raising the top tax rate for wealthy millionaires as Republicans draft his big bill in Congress, President Donald Trump early Friday backed off that call—sort of.

Trump posted…

The president is searching for ways to pay for new tax breaks on tips, overtime and more.

Also: Berkshire after Buffett, retirement planning and avoiding taxes, and what to think of the recent stock-market rally.

CG’s first-quarter results reflect increases in revenues and the AUM balance. Expenses also decline year over year.

Trump argued that if his party raised taxes on the wealthy, Democrats would use it against them.

A small group of Republicans is threatening to torpedo President Trump’s agenda over the state and local tax deduction, long a headache for both parties.

The show’s producer, Jonathan Nolan, has put himself at the forefront of Hollywood’s push to get California to approve $750 million in tax rebates.

President Donald Trump could upend decades of Republican tax orthodoxy with new proposals to raise taxes on wealthy Americans and Wall Street and Silicon Valley investors.

Under the framework agreement, the U.K. is to buy more American beef and ethanol and streamline its customs process for goods from the U.S.

A Fix My Portfolio reader shares how they avoided a “tax bomb” in retirement through Roth conversions and careful financial planning.

The divorced celebrity couple is getting a double whammy of a price drop plus the mansion tax.

Missouri House Bill 594, a bill that would eliminate capital gains tax in the US state, has passed a vote in the state House of Representatives and now heads to Missouri Governor Mike Kehoe’s desk for signature.According to attorney Aa…

The U.S. economy is in an era of historic uncertainty. A recent report from the Bureau of Labor Statistics shows that real American economic output fell by 0.3% in the first quarter of 2025. Additionally, the Consumer Sentiment Index just hit its lowest point since the onset of the COVID-19 pandemic — and the VIX, […]

The post Six‑Figure Earners Barely Break Even on Trump (+0.6%) While Wall Street Bleeds Trillions appeared first on 24/7 Wall St..

Here’s how to buy a $835,000 house with a $1 down payment. It helps to have an excellent credit score and over $1.5 million in savings and investments.

The post I Bought My House With a $1 Down Payment appeared first on 24/7 Wall St..

The land sale provision was put forward by Republican Reps. Mark Amodei of Nevada and Celeste Maloy of Utah.

House Republicans have added a provision to their sweeping tax cut package that would authorize the sale of thousands of acres of public lands in Nevada and Utah, prompting outrage from Democrats and environmental groups who called the plan a bet…

The Trump tax on autos is now showing up at dealer showrooms. Some popular models will increase by $2,000.

In February of 2024, equity management startup Carta revealed that it was getting into the startup winddown business with a new offering called Carta Conclusions. By December, the company had decided to “retire” that offering, according to a blog post….

There’s a reason people say the tech sector effectively “controls” the stock market. Sure, tech titans aren’t the only players in the market. But there are a few key companies whose movement tends to dictate how the market is performing on a whole. Is that a good thing? Not really. But for better or […]

The post I have a $3 million portfolio but it’s all in tech. How do I diversify without a huge tax hit? appeared first on 24/7 Wall St..

Ford is raising the price of the all-electric Mustang Mach-E SUV and popular entry-level Maverick pickup by as much as $2,000 due to the import taxes President Donald Trump is placing on vehicles made in Mexico, according to Reuters. Higher prices coul…

Staff reductions have eliminated one-third of the of the IRS staff who collect tax money—with more on the way.

If you live on the North or West Coast, your property taxes are likely thousands higher than those in many Southern metros.

Jared Fisher, a Republican who owns several bike shops, said he’s adding a tariff line to price tags so customers know why prices are rising.

President Trump slammed Gavin Newsom on Tuesday, just hours after the California governor asked for collaboration on a massive national film tax credit.