The president’s former lawyer, Michael Cohen, testified that Donald Trump presented documents to Deutsche Bank that “inflated” the value of his assets. Source: NYT > Business – DAVID ENRICH, MATTHEW GOLDSTEIN and JESSE DRUCKER
DealBook: Tax the Rich? Here’s a Modest Proposal
Should there be a wealth tax on the richest Americans? A top bracket of 70 percent? Maybe take most of the estate when a billionaire dies? Or we could just close these gaping loopholes. Source: NYT > Business – ANDREW ROSS SORKIN
The New New World: China’s Entrepreneurs Are Wary of Its Future
Behind the scenes, businesspeople worry that Beijing has become more interested in solidifying its control over people’s lives than promoting economic growth. Source: NYT > Business – LI YUAN
Wealth Matters: Parking an Investment in Your Garage
Collectible cars are illiquid assets that require time and money and are not easy to sell. Here’s how to invest in one wisely. Source: NYT > Business – PAUL SULLIVAN
Democrats Want to Tax the Wealthy. Many Voters Agree.
A proposal to tax wealth finds support across party lines, along with the premise that the government should combat inequality. Source: NYT > Business – BEN CASSELMAN and JIM TANKERSLEY
Watch Out. Tax Season Is Even More Stressful Than Usual.
With millions of people filing tax returns under a new tax law and after a long government shutdown, this is a challenging year. We offer survival tips and extensive coverage. Source: NYT > Business – JEFF SOMMER