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Biden Wants To Dismantle Two Weapons The Richest 0.1% Use To Avoid Taxes

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President Biden is targeting some of the most popular tactics used by the rich to avoid taxes.

Thiel's $5 Billion Roth IRA Shows Tax Edge, ProPublica Says

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The IRS last audited the PayPal co-founder in 2011.

Governments Aim To Crack Down On Uber-Billionaires

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A group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action.

Billionaire Tax Leak Referred To FBI As Probe Grows, IRS Says

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ProPublica said its information on billionaires' taxes was sent unsolicited by a source it doesn't know.

Norway Wealth Tax U-Turn Would Threaten Growth, Finance Minister Says

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Norway's finance minister warned that a change in government would lead to a higher wealth tax.

Hedge Funds, Tech Spur Texas Wealth Boom As California Fades

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Texas is welcoming a rush of talented, wealthy people from California, New York and Illinois.

Lawyers Get $164,000 Bonuses To Keep Working 100 Hours A Week

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The rapid rise in bonuses has created an arms race of sorts in the industry.

Ultrarich Fleeing To Puerto Rico Find The IRS Already Waiting

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More than 4,000 mainland U.S. residents and firms have moved to the territory between 2012 and 2019.

Biden Targets Crypto Tax Evaders In Global Data-Sharing Pitch

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The Biden administration has proposed requiring the collection of data on foreign cryptocurrency investors.

Biden Targets A Tax Break That Helped Trump Build His Fortune

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This tax code provision allows real estate investors to avoid capital gains taxes when they sell property.

Billionaire's $15 Million Fishing Lodge Faces Seizure In Record Tax Case

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The government only has to show an asset was “the product of tainted funds” to take it in a civil forfeiture proceeding.

London's Biggest Divorce Case Hinges On A $353 Million Superyacht

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A 380-foot, nine-deck luxury motor yacht sitting in Dubai is at the heart of a massive divorce case in London.

Young Adults Say Money Does Buy Them Happiness

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Surveyed millennials and Gen Xers say that being wealthy means being happy and successful.

How Certain Trusts Soften The Blow Of Estate Tax Increases

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These vehicles give wealthy clients flexibility in dealing with any increases in the estate tax exemption.

Loeb, Griffin Get Home Visit From NYC Comptroller Scott Stringer

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Stringer went to financiers' luxury apartments to protest large donations to the New York City mayor's race.

Treasury Calls For Crypto Transfers Over $10,000 To Be Reported To IRS

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Cryptocurrency transfers create an opportunity for tax evasion, the Treasury Department said.

Biden's IRS Crackdown Plan Targets Rich Hiding Half Of Income

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The Treasury Department estimates wealthy taxpayers are hiding income outside wages and salaries.

Democrats Mull Weakening Biden Tax On Capital Gains For Estates

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Some Democrats are nervous about the scope and size of Joe Biden's tax hikes on the rich.

New Jersey Residents Will Pay The Most In Taxes Over A Lifetime

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Those living in New Jersey will pay on average a grand total of $931,698, according to a study.

Rich Americans Likelier To Move House, Reversing Pre-Covid Data

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The biggest jump in residential migration has come among workers earning more than $150,000.

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