The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary income rates under the income tax. In addition, they can avoid capital-gains taxes by not selling ...
Your father gave you your mother's jewelry - you did not say that you inherited it from her. That's an important difference.
Below, we highlight the most relevant updates for private wealth clients, incorporating additional insights and planning considerations from recent estate and tax law developments. Top Marginal Tax ...