Bloomberg Wealth: Biden Wants to Dismantle Two Weapons the Richest 0.1% Use to Avoid Taxes (June 28, 2021)

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s