US Tax Policy & Compliance

California voters defeat 5% wealth tax on billionaires

California voters rejected a proposed wealth tax on billionaires, blocking a new revenue source for the state.

NPR · BBC News

IRS sets 2027 investment-profit tax brackets by income tier

U.S. capital-gains tax rates scheduled for 2027 will rise across income brackets as Bush-era cuts expire.

MarketWatch

IRS adjusts 2027 tax brackets and deductions for inflation

IRS releases 2027 tax brackets, adjusting income thresholds for filing status and rate tiers.

The Wall Street Journal

IRS raises 2027 limits on inheritances and charitable donations

The tax agency increased the threshold at which families and donors must pay federal levies on wealth transfers starting next year.

CNBC

IRS raises income thresholds and deduction floors for 2027

IRS announces 2027 federal income tax brackets, affecting household disposable income and consumer spending capacity.

MarketWatch · CNBC

California billionaire tax fails; Democrats eye federal wealth levies

California's proposed billionaire tax appears headed for defeat; Democrats plan alternative wealth tax increases.

CNBC

California ballot measure targeting retirement savings threatens billionaire tax

California voters reject a ballot measure imposing wealth taxes on billionaires, eliminating a projected state revenue source.

CNBC

Wyden demands Big Four accountants explain Malta tax shelters

The New York Times

Removing payroll tax cap would push top wage tax rates above 60% in some states

Eliminating the payroll tax cap to shore up Social Security would raise marginal tax rates on wages to over 60% in certain states, according to analysis.

American Enterprise Institute

Corporate tax receipts decline despite rising company earnings

U.S. corporate tax revenue declined despite rising profits under Trump administration.

The New York Times

Tax fraud investigator alleges IRS disclosed his financial details as payback

The New York Times

SALT deduction cap rises to $40,400 in 2026, experts offer optimization tips

SALT deduction cap set at $40,400 for 2026, affecting high-income taxpayer planning.

CNBC

Conservative groups push ballot measure to eliminate Washington's high-earner tax

Right-wing groups are pushing to repeal Washington state's millionaire tax law.

The Guardian

Bessent and IRS move against affluent traders exploiting ETF loophole

Treasury Secretary Bessent and IRS target wealthy investors' ETF-based tax avoidance strategy.

CNBC

Bessent settles longstanding disagreement with tax authorities

Treasury secretary nominee Bessent resolved a tax dispute with the IRS that had previously created conflict.

The New York Times

IRS alerts qualifying savers about new retirement account matching program

IRS notifies eligible taxpayers about new Saver's Match benefit offering up to $2,000 annual credit for retirement savings.

CNBC

IRS appoints Joseph Velli to oversee Trump-related accounts

CNBC reports that the IRS has hired Joseph Velli to help administer Trump accounts, though the report provides no additional detail on the scope, timing, or specific nature of this administrative role. This is a single mainstream source with no corroboration from other outlets, so the full context and implications remain unclear from available reporting. The connection to the pre-identified market sectors (Consumer Discretionary & Retail, Automotive & EV, E-commerce) is not apparent from the claim as stated.

CNBC