Tax

The Big Four consulting firms are embedded in Big Tech. Here's who audits each of the Magnificent 7 companies.

Tech Insider : Business
EY logo
EY, Deloitte, KPMG, and PwC make up the Big Four professional services firms.

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12 tactics America's wealthiest use to save big on taxes, from putting mansions in trusts to stashing fortunes for a 1,000 years

Tech Insider
A house surrounded by stacks of cash and piggy banks

ivanastar/Getty, akurtz/Getty, DNY59/Getty, Tyler Le/BI

Thanks to tax cuts made during the first Trump administration, Americans can give or hand down about $13 million in assets without paying federal estate tax. Only 0.2% of taxpayers have to worry about this tax, and they hire top-notch accountants and lawyers to pay as little as possible.

Elon Musk took the stage at a Trump rally to talk about taxes and the 'Department of Government Efficiency'

Tech Insider : Politics
Elon Musk gestures as he steps onstage during a rally for former US President Donald Trump.
Elon Musk on Sunday gave a brief speech at a campaign rally for Donald Trump in New York.

ANGELA WEISS/AFP via Getty Images

Rich entrepreneurs looking to cash out can save big on taxes by gifting stock to their parents and getting it back when they die

Tech Insider
Closeup low angle view of mid 60's man and his son enjoying summer holiday on a sailboat. They are sitting on the deck, looking at the distance, talking and laughing.
Upstream planning allows the rich to save on taxes while keeping assets in the family.

gilaxia

Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money — it won't

Tech Insider : Politics
Kamala Harris speaking Michigan about her economic plans
Harris has made supporting small businesses a key part of her economic proposal.

JEFF KOWALSKY / AFP

The door is slamming shut on a $50 billion tax loophole used by the superrich

Tech Insider : Economy
Treasury Secretary Janet Yellen, wearing a black jacket, appears before a senate hearing on Capitol Hill.
Janet Yellen.

Andrew Harnik/Getty Images

How much Bill Gates pays in property taxes on his pricey real estate portfolio

Tech Insider
Bill Gates; Seattle Home
Bill Gates paid more than $1.3 million in property taxes on his Medina, Washington, home last year.

Bennett Raglin/Getty Images for The New York Times; Dan Callister/Newsmakers

New York and other states are using AI to hunt down wealthy remote workers and demand more tax

Tech Insider
remote worker
Stock image of a remote worker.

Getty Images

Anyone want to pay an extra 50% for their Spotify subscription? This bill would make it mandatory.

Tech Insider
Taylor Swift performs during
Taylor Swift doesn't need any more money. Would you pay an extra streaming fee for musicians who do need a boost?

Ashok Kumar/TAS24

Tesla Didn’t Pay Any Federal Income Taxes for 5 Years, Got $1 Million Tax Refund

Gizmodo

Tesla, the company helmed by one of the richest men on the planet, is a cheapskate when it comes to paying taxes, according to a new report released on Wednesday. In fact, the company paid exactly $0 in federal income taxes over a five-year period and even managed to get a nice refund.

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