Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the ...
In 2023, a Tax Court judge sided with the IRS’ interpretation and held that owners of limited partnerships, like Bessent’s hedge fund, are not exempt if they work for the firm and run it full time.
The Fed didn't want to get embroiled in politics in 2025—or ever. But Bessent wants them even further out of the public eye.
Now that Treasury Secretary Scott Bessent is securely ensconced within Donald Trump’s administration, he is dragging his feet ...
President Donald Trump posted on Truth Social about using tariff revenue to pay dividends to Americans. Trump suggested payments of at least $2,000 per person or even directing funds to Health Savings ...
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