Biden wants to dismantle two tax strategies used by richest 0.1%
Technical provisions in the administration's tax proposals could disrupt dynasty trusts and intentionally defective grantor trusts, two ways that super wealthy people have legally avoided taxes for decades.
An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the 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 disman
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