Taxes

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.

The IRS unveiled new debt relief options on Monday for taxpayers still reeling from the coronavirus pandemic.

Former New York Stock Exchange Chairman Dick Grasso argued on Tuesday that 401(k)s and IRAs “have never done better than under Donald Trump” and predicted he will get reelected.