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. » Read More
For President Obama, new revenues depend on curbing deductions for affluent taxpayers and implementing Warren Buffett's minimum 30 percent tax for millionaires.
Penny Pritzker, a possible nominee for commerce secretary, has never been comfortable with the title "billionaire." Her wealth could also be an odd fit in the Obama White House.
Reprising his 2011 crusade, Barack Obama is calling again for eliminating "tax breaks for private jet owners," drawing criticism from the industry and opposing politicians alike.
Phil Mickelson's taxes are high, but his claim that recent tax hikes on the rich have put his effective rate above 60 percent suggests he's exaggerating, or needs a new accountant.
The number of private jets scheduled to land in Washington, D.C. next week for President Obama's second inauguration is less than half of his 2009 inauguration's total.
After California hiked taxes on its top earners, the state's multi-billion-dollar deficit is gone. But experts say the tax on the rich isn't, and won't ever prove, the boon to the economy that Democrats hope.
This famous DC hotel is offering a $47,000 inauguration package that includes a range of luxuries, including your own "Twitter butler," to capture and post your every move!
For all its symbolic value, the House Speaker John Boehner's plan to tax million-plus incomes would raise only modest revenues compared to the Obama plan.