Ben Steverman

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Wealthy Use Loophole To Reap Tax Breaks, And Delay Giving Away Money

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Foundations shift billions to donor-advised funds and skirt laws requiring transfers to the needy.

Blackstone's Tax-Free Hedge Fund Pitch Draws Scrutiny From Senate

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A Senate committee is scrutinizing the use of private placement life insurance to lower taxes for the wealthy.

America's Top 1% Lose $1.5 Trillion On Stocks Before Bear Market

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The nation's richest suffered deep losses even before the market swoon got into full swing.

A $5 Trillion 'Wealth Shock' Is Cracking Americans' Nest Eggs

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The U.S. has experienced a plunge in wealth since the start of 2022.

Shale King Harold Hamm Is Passing Billions To His Heirs Tax-Free

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Hamm used an LLC and more than a dozen different trusts to complete the transfers.

Tax-Free Inheritances Fuel America's New $73 Trillion Gilded Age

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Almost half of all U.S. wealth transferred over the next quarter century will come from the top 1.5% of households.

Super-Rich Americans Feel Relief As Tax Hikes Are Canceled For Now

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Rich Americans will escape tax hikes if Joe Manchin votes against Joe Biden's economic package.

Elon Musk Faces $10 Billion Tax Bill As He Spars With Elizabeth Warren

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The world's richest person sparred with the U.S. senator over wealth inequality.

Mark Zuckerberg Sells Stock Every Day As Billionaires Cash Out

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Many rich Americans are deciding to unload shares while stock valuations are at records and before taxes rise.

Rich Americans Find Tax Gap Hard To Ignore With SALT Debate Raging

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Academic research has found taxes have historically had little impact on where people live.

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