Tag: Government taxation and revenue
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Lawmakers renew push to axe a lucrative tax loophole for crypto investors
Crypto investors have largely been exempt from the “wash sale” rules that apply to stocks and other traditional assets. Congress is trying to clamp down.
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Some high-earning investors will soon owe taxes on years of deferred capital gains
A key incentive in place for current Opportunity Zone investors — deferring taxation of reinvested capital gains — will end on Dec. 31.
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IRS chief Frank Bisignano laughs off JPMorgan spying allegations
Bisignano denied allegations The Wall Street Journal reported that he surveilled his colleagues while working at JPMorgan more than a decade ago.
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Property taxes are poised for major midterm elections ballot battles across many U.S. states
Americans will have a rare opportunity to use votes to directly shape tax policy with 26 ballot measures on taxation across 13 states set for midterm elections.
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California’s billionaire tax: What’s at risk for the biggest state economy in America
California’s billionaire tax would generate quick revenue, but Norway’s example shows the longer-term economic impact of targeting the wealthy is unclear.
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IRS tax liens can be a ‘kiss of death,’ consumer advocate says — and they’re on the rise
Federal tax liens filed by the Internal Revenue Service can impact people’s employment and their ability to access credit.
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Trump Accounts get a boost from employer contributions — Goldman Sachs and Morgan Stanley are the latest to offer matching programs
The growing list of companies that will match contributions to Trump Accounts for their employees now includes Goldman Sachs and Morgan Stanley.
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Trump Accounts for kids launch July 4: What parents need to know
Here’s a breakdown of how Trump Accounts work, who qualifies for free money and when the funds can be withdrawn.
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IRS says Trump Account contributions will not trigger annual gift tax reporting requirements
Parents, guardians and others who contribute to a Trump Account will not be required to file a gift tax return, the IRS and Treasury Department said Monday.
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Gavin Newsom calls for national billionaires tax: ‘It’s time for an economic reset’
California Gov. Gavin Newsom said he supports imposing “a true minimum tax on billionaires” and closing “tax-free lifestyle loan” loopholes for the rich.
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