The IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by wealthy taxpayers, a move that could generate as much as $50 billion in revenue over the next decade.

No one wants to be audited by the IRS. And, in fact, very few US taxpayers ... a low of 0.7% for tax year 2021 to a high of 1.5% in 2013. On April 15, in a post on X, Treasury Secretary Scott ...

Despite President Donald Trump’s monthslong advocacy for eliminating the carried interest tax break, one of the most controversial loopholes in the US tax ... ending the loophole in the tax ...