Rent control and the tax break have huge impacts on the New York City housing market, and they're touchy for lawmakers in any year because the real estate industry is one of the biggest political donors in Albany. On the other side, tenant advocates and liberal groups have organized big rallies in New York and Albany to denounce the tax break and urge lawmakers to...» Read More
In Jay Gatsby's time, the mansions along Long Island's Gold Coast were famous for their excess and price tags. Now, they're more famous for their price cuts.
Taxes paid by the nation's top earners are putting government back in the black, reports CNBC's Robert Frank.
Taxes paid by the top earners are putting the U.S. back in the black, according to the Congressional Budget Office.
This is an unofficial transcript of Warren Buffett and Bill Gates appearing live on CNBC's Squawk Box on Monday, May 6, 2013 from 6 am ET to 9 am ET.
Ferrari is capping production this year. The stated reason: status protection. But what's the reality? Some experts think it may be a sign of lower demand for the luxury car.
If you were looking for millionaires, you'd probably head to London or New York or Monaco. But you might be better off trying Tokyo.
Tax attorneys say celebrities like Grammy Award winner Lauryn Hill are often sentenced and prosecuted more vigorously so that officials can send a message to the public.
Ralph Lauren, the fashion mogul and vintage-car collector, recently took delivery of a new RUF CTR-3, according to people familiar with the deal.
What are art lovers interested in this spring? A peek at the billion dollars worth of art on offer at Christie's and Sotheby's.
Wealthy Chinese are on a global shopping spree. Along with handbags, art and condos, they're also buying foreign visas.
Billionaires Bill Gates and Warren Buffett said limits on charitable deductions could hurt giving—but only among the lesser rich.
Most of the wealthy have a binary view of taxes: less or more. But billionaire Ronald Perelman has a more nuanced view. He believes income taxes should be high for the wealthy, but the estate tax should be abolished.
Can the ability to be an entrepreneur or an economic disrupter be taught? Ronald Perelman is betting that it can with a $100 million pledge to the Columbia Business School.
Hedge fund trader Doug Kass will quiz billionaire investor Warren Buffett at Berkshire Hathaway Inc's annual meeting in Omaha this Saturday.
From the rolling green pastures of Virginia to the palatial paddocks of California, equestrian estates are back in vogue.
Two new studies show that the wealthy plan to buy more, despite higher taxes and a dim view of economic growth and government.
A recent jump in investors' confidence has been driven by millionaires, while the merely rich remain unconvinced that the recent stock market rallies are real, a new survey said.
Stung by revelations about his ex-budget minister's Swiss bank account, French President Francois Hollande pushed legislation aimed at making elected officials disclose their wealth.
A new study shows that the stock boom has benefited the rich more than the less affluent, whose wealth is concentrated in their homes.
Singapore could overtake Switzerland as the world's capital for offshore wealth by 2020, a new report says.