Income Taxes Articles

Wealth Tax News – 2/6/2026

Building on last week’s divide, the California debate has sharpened around the mechanics and consequences of the proposed one‑time 5% wealth tax on billionaires. Rep. Ro Khanna (D-CA) is pushing for a compromise amid backlash from industry leaders like Sergey Brin and...

Taxation & Representation: FY2026 Funding Deal Advances – But Trouble Looms Ahead

FY 2026 Appropriations Outlook: On Jan. 30, Senate lawmakers reached an agreement and passed a revised package providing full-year FY2026 appropriations for five bills—Defense, Labor-HHS-Education, Transportation-HUD, Financial Services-General Government, and...

Taxation & Representation: Shutdown Looming This Weekend?

Global Wealth Tax Gains Steam: Governments worldwide, from the United Kingdom (UK) and France to U.S. states like California and New York, are increasingly considering “tax the rich” measures to close budget gaps through higher property taxes, elevated investment...

Revival of the Wealth Tax May Prompt Constitutional Challenges

What if the push for wealth taxes crashes into constitutional barriers?   In this timely Bloomberg Tax analysis, Robert Mancuso explores why a revived wealth tax could face swift legal challenges, potentially fast-tracked to the Supreme Court. Key points include:...