Tax strategies

Lawmakers are rejiggering the proposal after a wave of criticism by Republicans and bank lobbyists.

The proposal is the result of weeks of talks between Democrats about how to scale back an idea first floated by Treasury officials.

The Democratic Senator said there’s little chance that Congress can complete work on President Biden’s economic agenda by the end of the month.

The plan would require financial institutions to report information about some bank accounts to the IRS.

There’s no telling where the vast fortunes hide on tree-softened Phillips Avenue in Sioux Falls.

The party’s progressives and moderates disagree over which pieces of President Biden’s agenda to pay for — and how long to pay for them.

Good luck getting in to see an estate planner if you don’t already have one. Cross your fingers if you do.

The average plan holds less than $29,000, which would pay for about half of a year at the average private university or a year or more at a public one.

The president has warned progressives that they will have to temper expectations for the final legislation.

World leaders, celebrities and more used hundreds of thousands of shell companies in Panama to hide their assets and take advantage of accounting and tax loopholes.

Biden informed Democrats that a separate infrastructure bill would need to wait until the social welfare and tax package was complete.

Policies held in grantor trusts would be subject to estate tax under Democrats’ plan, the latest blow to wealth management for the affluent.

An unprecedented leak has revealed the offshore financial assets of dozens of current and former world leaders and hundreds of politicians.

House Speaker Nancy Pelosi is giving lawmakers until Halloween to strike a deal.

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms.

Waiting until after potential rate increases go into effect could lower values.

The prospects for specific tax changes in the Build Back Better Act appear murky right now, but there could be more clarity later this week.

The specific tax hikes remain to be detailed, as does any move to suspend or expand a $10,000 SALT cap.

The economic package would raise $2.1 trillion in revenue through measures including tax increases on corporations and the wealthy.

The law professor who’s coordinated President Biden’s sweeping tax proposals is finding that many Democrats don’t share his zeal to soak the rich.