Page 4 - Daniel Hemel News Today

Yvon Chouinard gave away his company. He also avoided billions in taxes.

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An extraordinarily cruel pandemic has been extraordinarily good to the rich, especially the super-rich. New billionaires have been coined at the rate of one every 30 hours. For those already in the category, the dollars have risen faster than ever. In the first two years of Covid, the worth of the world’s over 2,000 billionaires

Transportation expenses — like a bus, plane or train ticket — are among the items that can be reimbursed tax-free.

U.S. retirement system "built for the rich": professor-

Join us to learn how the ultrawealthy avoid paying taxes and how Biden’s new billionaire tax proposal could change that.

Happy Tuesday and welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. 

As the Biden administration touted its new proposal of a minimum income tax for households worth more than $100 million, estate lawyers Monday were paying attention to a more technical but also more powerful set of proposed revisions to estate and gift taxes that would go after inherited caches of wealth that have long stood beyond the reach of tax collectors.

Scott calls for “skin in the game,” but how much of whose skin?

In January, a group of North Carolina voters filed a 34-page petition to block Rep. Madison Cawthorn’s name from appearing on the 2022 primary ballot. What’s behind the petition?