Today: July 19, 2024
Today: July 19, 2024

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

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IRS Tax Loophole
June 17, 2024

WASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.

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