The Tax Rules Around The Dells’ $6.25 Billion Contribution To Trump Accounts

The 'Trump Accounts' are misnamed

To the editor: The very substantial gift of $6.25 billion by Michael and Susan Dell to help fund so-called “Trump Accounts” has brought new attention to the federally funded children’s investment accounts that were part of last summer’s Republican budget bill. Originally named “Money Accounts for Growth and Advancement,” the MAGA acronym did not flatter Trump enough, so they were renamed after him. Like so much else Trump does, it is all about h…

Letter: What Trump really cares about

To the editor: The very substantial gift of $6.25 billion by Michael and Susan Dell to help fund so-called “Trump accounts” has brought new attention to the federally funded children’s investment accounts that were part of last summer’s Republican budget…

Wealthy Americans 'ringing our phones off the hook' to help with Trump accounts, Hassett says

The chairman of the White House National Economic Council said that wealthy Americans are looking to help finance the seed money for the so-called "Trump accounts" for newborns.NEC Director Kevin Hassett said in a Friday appearance on FOX Business Network's "Mornings with Maria" that there has been a surge of interest among wealthy Americans interested in making donations to provide money to help fund the accounts above the government's contribu…

The Tax Rules Around The Dells’ $6.25 Billion Contribution To Trump Accounts

Michael and Susan Dell’s donation made news for a lot of reasons. Here’s what you need to know about private foundations, government gifts and the tax consequences.