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I.R.S. Acknowledges Black Americans Face More Audit Scrutiny

Black People Discrimination Internal Revenue Service Senate Committee on Finance Tax Credits, Deductions and Exemptions Taxation United States Politics and Government Werfel, Daniel I

I.R.S. Acknowledges Black Americans Face More Audit Scrutiny

The commissioner, Daniel Werfel, said the agency was working to correct unfairness in the enforcement of the tax code.

By Alan Rappeport

The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners

Families and Family Life Generation X Generation Z High Net Worth Individuals Income Inequality Inheritance and Estate Taxes Millennial Generation Personal Finances Taxation United States Economy Wills and Estates

The Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners

In an era of surging home and stock values, U.S. family wealth has soared. The trillions of dollars going to heirs will largely reinforce inequality.

By Talmon Joseph Smith and Karl Russell

I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection

Inflation Reduction Act of 2022 Internal Revenue Service Law and Legislation Tax Evasion Taxation Treasury Department United States Politics and Government

I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection

The 10-year strategy document outlines a focus on taxpayer services and enforcement efforts on the rich.

By Alan Rappeport

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

Biden, Joseph R Jr Federal Budget (US) High Net Worth Individuals National Debt (US) Tax Credits, Deductions and Exemptions Taxation United States Economy United States Politics and Government

Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president proposed trillions of dollars in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on business and the rich

By Jim Tankersley