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:
  • 15 Connecticut residents on Forbes list of wealthiest Americans. Here’s who they are
    Connecticut has 15 residents on an extended list of billionaires, which has been growing with stock prices and real estate values climbing. For years, the list marked a compilation of those whose ...
    04/20/2024 - 11:07 pm | View Link
  • Ultra-rich put off buying yachts, jets in hope of massive Trump tax break if he wins
    That means a $40 million jet is equivalent to a $40 million deduction from your tax bill — or nearly $15 million in savings given the average tax rate on the wealthiest Americans is 37%.
    04/19/2024 - 12:01 am | View Link
  • Trump Pushed to Embrace 17% Income Tax for All
    Donald Trump is under pressure from economists in his circle to embrace a flat tax rate, soften his trade stance and to hold the line on the state and local tax deduction.
    04/18/2024 - 6:41 am | View Link
  • From Crisis To Progress: How Black Women Are Driving America's Economic Recovery
    Broad-based gains are being seen across our communities—in key metrics like jobs, wages, and wealth—most notably for Black women.
    04/17/2024 - 10:25 am | View Link
  • President Biden rips 'Mar-a-Lago values' on trail in Pennsylvania with Trump in court
    While Donald Trump remains in a New York courtroom, President Joe Biden is heading to Pennsylvania for a three-day campaign swing.
    04/15/2024 - 10:28 pm | 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