Tax Strategies

President Donald Trump said he is open to the idea of higher taxes on millionaires but worries that a levy increase could hurt the party.

U.S. tax professionals can learn from strategies in other countries like Brazil.

Trump's remarks are likely to pour cold water on discussions about creating a new 40% tax bracket for people earning $1 million or more.

The university sued several U.S. agencies and top officials for freezing billions of dollars in federal funding and threatening its tax-exempt status.

The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.

Under current laws, qualified investors living in the commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.

White House officials are preparing executive orders that would strip some environmental nonprofits of their tax-exempt status.

States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.

President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.