For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.
U.S. lawmakers should close loopholes, raise the estate tax and hike the capital-gains tax so that it equals the rate on labor income, the Microsoft founder wrote Monday in a year-end blog post.
There are few things more devastating than divorce. Even the very wealthy can find it financially draining, emotionally harrowing and just plain messy.
Most of the world’s retirees are doing well compared with those in Japan, where the retirement savings gap is 15 years for men and almost 20 years for women.
