Taxes

It’s time for America to come together under a Biden administration, even if that means higher taxes for the wealthy, KIND founder Daniel Lubetzky told FOX Business’ “Cavuto: Coast to Coast" Tuesday.

Chair of the Program in Business and Finance at The King's College in New York City Brian Brenberg argued on Tuesday that Biden's tax plan could contribute to an exodus from high-tax states.

President-elect Joe Biden campaigned on a pledge to levy new taxes on wealthy Americans — but that agenda may be stonewalled in the Senate if Republicans maintain their majority control. 

Some major tax changes were rejected at the ballot box.

If Joe Biden wins the November presidential election, the estates of wealthy Americans could be hit with a tax rate as high as 67%, according to a new analysis published by the Tax Foundation.

JPMorgan CEO Jamie Dimon weighs in Biden's 2020 win.

Biden’s plan could result in marginal tax rates of more than 60% in three states and New York City.

Advisers can help individuals strategically unload assets from their estates in order to avoid high tax rates.

The ultra-wealthy have been preparing for potential tax increases based on President-elect Joe Biden's proposals – and there are some tangible ways advisers can help clients mitigate losses.

Biden has said the tax code should be more progressive and equitable.

Californians have voted "no" on an initiative to increase state property taxes on commercial properties to their highest levels in more than 40 years.

The tax is expected to raise an estimated $940 million per year.

Under Proposition L -- otherwise known as the "Overpaid Executive Tax" -- San Francisco companies will be forced to pay an extra 0.1% surcharge on its annual business tax payment if their top executive earns 100 times more than their average worker. 

No matter whether Joe Biden or Donald Trump wins the presidential election, wealthy Americans can expect to see a Social Security tax hike in 2021.

The state will keep its flat income tax structure.

Former Walmart CEO Bill Simon said he believes Joe Biden’s tax increases “would slow the pace” of the economic recovery, particularly during the period when lawmakers are "deciding and implementing" because that will create uncertainty.