President Joe Biden has proposed a billionaire minimum tax as part of his 2023 federal budget. However, it may be a tough sell in Congress, experts say.
More Stories
China’s ultra-rich population sees ‘dramatic’ growth in last 10 years, outpacing the U.S., report shows
The world's super rich club saw a significant expansion over the past 10 years, with China leading the charge, a...
Harris’ rise in polls sparks wave of wealth transfers to kids
Currently, individuals can send up to $13.61 million (and up to $27.22 million for couples) to beneficiaries without owing estate...
British luxury icon Burberry falls out of financial fashion with FTSE relegation
British luxury fashion house Burberry Group dropped out of the U.K.'s FTSE 100 amid mounting pressure on the 168-year-old retailer.
Soaring sports team values create new pressure for owners on taxes, succession
Succession and taxes have become especially important in the NFL, where the average age of team owners is now over...
Wealthy investors find opportunities in stock market sell-offs
Wealth advisors say their clients saw the drop in stock prices as an opportunity for tax savings and estate planning.
Dolce & Gabbana launches $100 perfume for dogs inspired by owner’s poodle
Dolce and Gabbana's luxury perfume for dogs — costing over $100 — has sparked concerns from some animal welfare organizations.