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
Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month. The agenda wasn't world domination. It was making philanthropy more effective. Among the other well-known, and very wealthy names, attending the meeting on May 5 in New York City: Michael Bloomberg, Peter Peterson, George Soros, Ted Turner, and Oprah Winfrey.
Greg Fleming, Morgan Stanley Wealth Management president, provides Wall Street's view of the the fiscal cliff and its impact on investors.
The Robin Hood Foundation’s spring fund-raising event has long set the pace for charity benefits, raising tens of millions of dollars from publicity-averse hedge fund moguls who engaged in raucous bidding wars. That was then, this is now.
CNBC's Robert Frank explains why some companies are racing to beat a tax hike by paying dividends before December 31st.
CNBC's Robert Frank takes a look at what would happen to the nation's wealthiest individuals if lawmakers do not reach a debt deal.
The wife of a CEO whose company has been a beneficiary of TARP explains how their lives have changed since the recession began.
The turning point for Stephan Jung came in February, around the time bonus checks were slashed. A veteran of UBS, one of many banks tarnished by the financial crisis, Mr. Jung realized that the old Wall Street would not be bouncing back any time soon.
Most Americans in 2010 paid far less in total taxes than they would have paid 30 years ago, according to an analysis by The New York Times.
Mental health experts say that stress associated with economic worries can affect people in different ways.
Enrico Moretti, "The New Geography of Jobs" author explains how an unprecedented redistribution of jobs and population is creating "pockets" of wealth around the nation.
Warren Buffett has certainly lost billions of dollars over the past year, but has he lost his title of "World's Richest Billionaire?" We'll find out when the 2009 edition of the widely-followed Forbes ranking of global wealth is released at 6p ET tonight (Wednesday).
The wealth and population of high net worth individuals surpass 2007 pre-crisis levels in nearly every region last year, according to the report just out from Merrill Lynch. Details with John Thiel, Merrill Lynch president and CNBC's David Faber.
A tax break long untouchable could soon be in for some serious scrutiny, the New York Times reports.
After losing his job as the security manager for a Fortune 500 company, Mark Cooper is grateful for a $12-an-hour “survival job.”
The wealthiest stand to lose the most under President Obama’s proposed budget, while individuals with lower incomes could gain in many different ways. But many of those in between — those with household incomes of $200,000 to $400,000 or so — may not see as much of a difference in their tax bills as they may have feared.
By most measures, the personal finances of Anne Zimmerman, a small-business owner in Cincinnati, have little in common with those of Oracle’s chief executive, Lawrence J. Ellison. The NYT reports.
Mayan end times prophesies aside, it's Washington's Sisyphean effort to balance its books that might bring about Armageddon.
In the economic downturn, financial advisers have been taken to task. But what, exactly, does your wealth manager owe you? And what can you never reasonably expect? The New York Times has answers.
The New York Times reports on some of the biggest provisions in the stimulus bill - the ones that will hit you directly in the wallet.
Raising taxes on the wealthy along with entitlement reform and spending cuts need to be part of any solution to the country’s fiscal problems, Jeff Gural, Newmark Knight Frank Chairman, told CNBC’s “Squawk on the Street” on Monday.