Parents ID’d after son, 15, allegedly killed them and three siblings in wealthy Seattle suburb
A parent and three children shot and killed inside a $2 million mansion in Washington state have been identified Monday. Mark Humiston, 42, his wife Sarah, and three of their four teenage children were found shot to death inside a tony house in the Seattle suburb of Fall City around 5 a.m. Monday. It was […]
Rise of the superbaby? US startup offers genetic IQ screening for wealthy elite: report
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8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax – Business Insider
Wealthy investors take advantage of many loopholes to reduce their taxes. These include exchange funds, collars, 1031s, hedging and borrowing against assets, etc. But investing in qualified opportunity zones has become a homerun strategy. Thank you for registering! Access your favorite topics in a personalized feed on the go. Download the app By clicking “Sign […]
Benefits of Trump tax plans skewed toward wealthy: Analysis
A new analysis of former President Donald Trump's proposed tax plan would result in lower taxes for the wealthiest Americans and higher taxes for the majority of households, a new analysis finds. The richest 1 percent will receive an average tax cut of more than $36,000, while the majority of the bottom quintile of the […]
Harris says wealthy Americans, corporations will pay higher taxes to fund economic plan
Vice President Kamala Harris said in a new interview that she plans to raise taxes on the wealthy and big corporations as part of her economic plan if elected in November. Since becoming the official Democratic presidential nominee, Harris has said: $25,000 housing grant for first-generation homebuyers; Provides $100 billion in tax credits for manufacturing […]
Trump's Tax Cuts for the Wealthy Come at Big Cost to Taxpayers
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All About Greece's Golden Visa Scheme, Popular Among Wealthy Indians – NDTV
Greece’s Golden Visa Programme is the country’s main programme for facilitating residency by investment. Indian investors bought Greek properties at a record pace in July and August in a bid to secure permanent residency before Greece's Golden Visa program undergoes major changes on September 1. Data showed that property purchases by Indian investors in Greece […]
Firms jostle to sell alternative assets to wealthy investors – Financial Times
The race is on to sell unlisted assets to wealthy private investors. Leading custody bank BNY on Monday announced plans for a platform that will make it easier for financial advisers to buy and manage investments across a range of well-known private equity, private debt and infrastructure companies for their clients. This follows three highly […]
As the IRS targets wealthy Americans for audits, here are red flags for everyday filers – CNBC
Photo: Rafa Elias | Moment | Getty Images The I.R.S. Still in the works The plan would avoid increased audits for taxpayers making less than $400,000, but experts say certain details on tax returns could draw scrutiny regardless of income level. Last week, the Treasury Department's Office of the Inspector General for Taxation (TIGTA) announced […]
IRS collects over $1 billion in back taxes from wealthy dodgers – New York Post
Wealthy tax evaders, beware! The Internal Revenue Service's efforts to collect overdue taxes from the wealthy $1.3 billion Unpaid taxes from people with incomes over $1 million and recognized tax liabilities over $250,000. A sign outside the IRS headquarters in Washington, DC AP Treasury Secretary Janet Yellen and IRS Commissioner Danny Wuerfel announced the latest […]