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Recently, billionaire hedge fund manager Stanley Druckenmiller said he wouldn’t have a problem with a higher tax rate on capital gains. But, how would this impact individual investors? Ben Phillips, founder and CIO at Eventshares, joins our show with his analysis.
As the calendar shows it’s 5/29, it is also the day to understand the importance in saving money for college using the “529 Plan”. But, most families in the nation are still struggling to save money for their children’s college. Senior Personal Finance Correspondent, Sharon Epperson, joins us on set and gives us the breakdown on the benefits of the “529 Plan.”
The nation’s wealthiest are seeing less tax audits than before. Why is that? Robert Frank reports.
There’s unintended consequences of the new tax law that’s impacting gold star families. Ylan Mui has more for us.
Democrats are launching an anti-SALT campaign, lowering taxes on the highest earnings. Robert Frank has more.
Robert Frank reports on a study that found that the wealthy paid little taxes in the 1950s and 1960s despite many Democratic lawmakers suggesting otherwise.
The growing blue-collar tilt of the Trump-era GOP base makes raising taxes on capital gains even more tempting, writes CNBC’s John Harwood.
Rich states have been saying the new tax laws are driving the wealthiest from their states – but Robert Frank reports that there are other factors contributing to state revenue shortages.
Steve Liesman reports that the tax refund has a significant impact on Americans’ spending.
Sharon Epperson reports that tax refunds are starting to go up after the new tax law caused many to see smaller than usual refunds.
Individual refunds are now in positive territory year over year, as the average check rises to $3,143. That’s up from $3,103 a year ago. Here’s what you can expect.
Robert Frank breaks down the statistics on who actually pays the highest taxes.
Robert Frank explains that under the new tax law, taxpayers have a lower chance of being audited.
The deduction for medical expenses is one of the few remaining tax breaks available to taxpayers.
Bill Gates says tax policies should focus on taxing wealth rather than income.