Foundations shift billions to donor-advised funds and skirt laws requiring transfers to the needy.
A Senate committee is scrutinizing the use of private placement life insurance to lower taxes for the wealthy.
The nation's richest suffered deep losses even before the market swoon got into full swing.
The U.S. has experienced a plunge in wealth since the start of 2022.
Hamm used an LLC and more than a dozen different trusts to complete the transfers.
Almost half of all U.S. wealth transferred over the next quarter century will come from the top 1.5% of households.
Rich Americans will escape tax hikes if Joe Manchin votes against Joe Biden's economic package.
The world's richest person sparred with the U.S. senator over wealth inequality.
Many rich Americans are deciding to unload shares while stock valuations are at records and before taxes rise.
Academic research has found taxes have historically had little impact on where people live.