Tax Cut For Wealthiest Americans Considered

WASHINGTON — The Treasury Department is considering a tax cut for the wealthiest Americans through a change that would not need approval from Congress, officials said, a move that would follow a package of tax cuts last year that also benefited the super-rich. The agency is studying whether to allow investment income, known as capital gains, to be adjusted for inflation in a way that shields more of it from taxation.

Sections:  u.s.   
Topics:  Maine   Cumberland County   Portland   
BING NEWS:
  • Trump Pledged to Cut Taxes for Expats. This Republican Wants to Make It a Reality.
    WASHINGTON—A new proposal in Congress attempts to put meat on one of President-elect Donald Trump’s campaign-trail tax promises, detailing how the U.S. could remove income taxes on Americans living ...
    12/18/2024 - 3:57 am | View Link
  • Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans
    The Tax Cuts and Jobs Act from Trump’s first administration harmed many middle-class and low-income taxpayers. But Black people got it the worst, says an expert on race and taxation.
    12/16/2024 - 11:58 pm | View Link
  • Elon Musk tops Forbes 400. Which wealthy Oklahomans made the cut, and which were cut out?
    One of Oklahoma's most famous billionaires is no longer on the Forbes 400 list, after following through on a promise to give his company away.
    12/11/2024 - 10:58 pm | View Link
  • Trump's Plan To Cut Social Security Taxes May Benefit Millions, Especially Top Earners, But Risks Insolvency In Six Years
    Trump's plans to eliminate Social Security taxes could affect revenues flowing into OASI and HI trust funds by $1.5 trillion in the next ten years.
    11/14/2024 - 9:11 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News