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In the early 1900s some of the wealthiest Americans claimed their fortunes would never last through the generations. A century of tax avoidance later, the dynasties are going strong.
But what about the pass-throughs? 04/12/2021 10:00 AM EDT Editor’s Note: Weekly Tax is a weekly version of POLITICO Pro’s daily Tax policy newsletter, Morning Tax. POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. LET’S TALK ABOUT THE NUMBERS: It’s been a key part of President Joe Biden’s argument for hiking taxes on corporations — current revenue collections from big business are out of whack. That goes for the U.S., as a historical measure: “Ove...
Michael R. Sisak Associated Press NEW YORK — The veteran New York City prosecutor overseeing a criminal investigation into former President Donald Trump said Friday that he will not seek re-election, opting against a primary fight with progressive candidates who say he's a relic unfit for the reform era. Manhattan District Attorney Cyrus Vance Jr. made the announcement in a memo to his staff, ending months of speculation about his future. His term expires at the end of the year. Vance, a Democrat, counted Harvey Weinstein's rape conviction a year ago among his crowning achievements but face...
Donald Trump's tax records in the hands of New York prosecutors could boost a wide-ranging investigation into the former president's finances.
DENVER (AP) — Denver police used a relatively new state law to get a court order in...