CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.» Read More
After months of haggling, the terms of financial reform are set in Congress. The New York Times explains how this will impact your wallet.
The world's wealthiest people can, and often do, surround themselves with bodyguards, travel in armored cars with bullet-proof glass and live within well-guarded fortresses. Still, no one is completely immune to murderous plots — not even billionaires.
At a time when many banks have become notorious for taking money away from checking account customers, a start-up is planning to double what it’s putting back in account holders’ wallets.
If you’re an investor in BP and rely on dividend income to pay your daily expenses, rememeber that relying on one stock or even a handful of stocks is incredibly risky.
A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and grandchildren tax-free. The NYT reports.
Mutual fund management companies receive handsome fees from people who often have no idea whether they are getting a good deal. For the most part, they're not, says the NYT.
Nine out of ten rich people are concerned they may not be able to get richer. Two out of three are “very” concerned. And over half are worried they may not be able to stay as rich as they are now.
An excerpt from Peter Buffett's new book, Life is What You Make It: Find Your Own Path to Fulfillment, in which he explains why he has no regrets about his decision years ago to sell his inheritance, Berkshire Hathaway stock that would be worth $72 million today.
Kentucky is the heart and soul of the nation’s thoroughbred industry, and when it hurts, so do farms across the country. The NYT reports.
Among debt collectors, Steven Katz is known as a “credit terrorist.” For years, he has run what he calls the Steven Katz School of Bill Collector Education, otherwise known as the “credit terrorist training camp.”
In the scramble to find anything to generate more revenue, states are considering new taxes on virtually everything: garbage pickup, dating services, bowling night, haircuts, even clowns, reports the New York Times.
In its annual ranking of the world's richest people, Forbes lists the 70 year old Slim as number one with a net worth of $53.5 billion after adding $18.5 billion over the last year to his wealth.
For the first time in a decade, Warren Buffett is not one of the two richest billionaires in the world, as ranked by Forbes magazine.
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
When Forbes releases its annual ranking of the world's richest billionaires tomorrow (Wednesday), it appears likely Warren Buffett will once again come in behind his friend and online bridge partner, Bill Gates.
As retiring Baby Boomers flee to safer investments, some analysts fear there will be too many stocks and too few investors. But a lot depends on how much Boomers can really afford a conservative investing style as they try to recover from a lost decade for the stock market.
Get ready because it's "Twitter Oscars" season, the time of year when we all stop to recognize outstanding achievement in brevity.
The winter Olympics in Vancouver, Canada, are supposed to be a distraction from harsh economic realities and lift our spirits. Instead, it may itself be a victim of these brutal times.
It just goes to show you, not even the president is immune to the real-estate slump: The value of the White House is down more than $15 million in the past year, despite improvements the Obamas made such as a vegetable garden and fancy swing set.
Times Square was hit by a flash mob of "homeless" Uncle Sams today, who were there giving the Naked Cowboy a run for his money, asking passerbys if they could spare some change —$12 trillion, to be exact.