6 stories from the week to June 14, 2026, in the order they matter to someone who pays the top rate.
June 12, 2026 at 9:24 AM PDT
Gov. Dan McKee signed a $15.2 billion budget that adds one percentage point a year for three years on income above $1 million, taking the top rate from 5.99% to an effective 8.99%.
SpaceX priced the largest IPO in history at $135 a share, but the flat 22% withholding on employee RSUs falls well short of what many will actually owe.
The 2026 Trustees Report pulls the retirement trust fund's depletion forward a year and widens the 75-year gap by 16%, partly because the 2025 tax law cut revenue from taxing benefits.
The fund industry has asked Treasury for guidance on Section 351 ETF conversions after officials discussed labeling some of the deals a tax-avoidance "transaction of interest."
The IRS said 27 states have elected into the new Section 25F credit for gifts to scholarship granting organizations, a dollar-for-dollar option that compares favorably with a normal charitable deduction.
In Estate of Fields, the court upheld a $1.8 million estate tax deficiency and a negligence penalty, finding a Texas family limited partnership had no real purpose beyond an estate tax discount.
General information, not tax, legal or investment advice.