President Biden wants the wealthy to "pay their fair share." While Ex-President Trump calls for "the biggest tax cuts."
The constantly changing numerical definition of "rich" carries direct implications for taxes and planning — and this year's presidential election offers a choice between competing criteria.
The IRS said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running out to claim the money, with a May 17 deadline approaching for filing the necessary tax returns.
