The Ultra-Millionaire Tax Act would levy a 2% annual tax on households and trusts valued at between $50 million and $1 billion. All net worth over $1 billion would be taxed at 3%.
Communicating with HNWIs is daunting because it may seem as if we are talking with someone who lives in another world.
Merrill Lynch Wealth Management President Andy Sieg said the unit is intensifying its focus on the Sunshine State.
The U.S. government collects over $5.3 trillion in taxes each year, but which states' denizens are hit the hardest?
