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At a campaign rally in Freeland, Michigan, on Wednesday, former President Trump slammed President Biden over inflation.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

'We Call It The Biden Inflation Tax': Trump Hits Biden Over The Economy

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iCalculator

New Jersey State Taxes Explained: Your Comprehensive Guide

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New Jersey Division of Taxation

How to Complete Your NJ Tax Return in 5 Simple Steps

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What should you be aware of when booking a holiday this year?

Travel: Tourism tax, Foreign Office warnings and airport delays

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Municipal Property Assessment Corporation

How Your Property Tax is Calculated

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Travis Sickle

How to estimate your personal income taxes

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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

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ClearValue Tax

Tax Brackets Explained For Beginners in The USA

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Edmunds Cars

EV Tax Credits: Everything You Need to Know for 2024 | Eligibility, Incentive Amount & More

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Could you be sitting on a goldmine of forgotten savings, pensions and investments? We explain to track down your lost cash

There's Billions Of Unclaimed Cash - Have You Forgotten About Money In Investments, Tax Rebates?

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James Conole, CFP®

Can Capital Gains Push Me Into a Higher Tax Bracket?

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Charles Schwab

Capital Gains Taxes Explained: Short-Term Capital Gains vs. Long-Term Capital Gains

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