Allyson Versprille and Ben Steverman of Bloomberg Wealth has made available for download their article, “Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes,” which discusses provisions in the U.S. Treasury’s “Green Book” that aim at closing loopholes utilized by the wealthiest Americans to legally avoid taxes. The article begins as follows:
An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the U.S. Treasury late last month.
Technical provisions in the proposal — not mentioned when President Joe Biden presented his plans to raise taxes on the rich in April — could disrupt or dismantle some of the most popular ways super wealthy people have legally avoided taxes for decades.
To see the full article, click here: “Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes”
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal