Dems Rebuke Trump's Ultra-Rich Treasury Chief Over $910,000 in Unpaid Medicare Taxes

Treasury Chief Quietly Settles Long-Running IRS Tax Dispute

Treasury Secretary Scott Bessent has quietly resolved a yearslong tax dispute with the IRS held to a hedge fund maneuver that reduced his Medicare taxes, granting to a person familiar with the matter. As a fund manager before joining President Trump's Cabinet, Bessent used a structure that let him treat...

Dems Rebuke Trump's Ultra-Rich Treasury Chief Over $910,000 in Unpaid Medicare Taxes

"Until he pays what he owes, Secretary Bessent is placing himself above the law," said Sen. Ron Wyden.

Logon Opalesque Alternative Market Briefing

Treasury Secretary Scott Bessent settled a dispute with the federal government over self-employment taxes stemming from his years running hedge fund Key Square Group. Bessent had used a structure common among some investment managers to avoid a 3.8% Medicare-related tax, but had pledged during his c... Article link

Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S

The Treasury Secretary had previously taken a position on his taxes that contradicted the views of the tax agency that he now oversees.