Connecticut and Washington, DC, both approved baby bond programs in 2021, and several other states have considered the idea.
Billionaires are more motivated to move out of places with estate taxes as they get older, a new study says.
The mistake “does not induce confidence in the system,” he said.
White households claim the same share of deductions of charitable gifts and pass-through business income, a Treasury study says.
Low-wage workers are scarcest where 2020's devastation was worst: in the richest neighborhoods.
The rich are starting 2023 with millions more dollars that they can lavish on future generations free of taxes.
The vehicle drew controversy in the past decade as a “dark money” political giving tool.
The Biden administration could use $104.5 million earmarked for the Treasury's Office of Tax Policy to hire legal staff to write new regulations.
But some experts say the increase was likely an aberration driven by a spike in death levels.
It will be hard for the young to copy the baby boomers' stock market and housing success.
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