Inside Wealth: Politics
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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.
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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.
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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.
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A new Pew Research survey finds that the debate over the wealth gap has calmed slightly, despite a divisive election.
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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!
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The new tax rates may not hold for long, but the wealthy have to feel as if they've dodged a bullet for now in the fiscal cliff deal.
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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.
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Billionaire Warren Buffett said that killing the charitable deduction would not change his giving.
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Warren Buffett's proposal for a "minimum tax on the wealthy" presumes that the rich pay a lower rate than the rest of America. But data shows that they don't.
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New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
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In their rush to avoid the tax hikes of the "fiscal cliff," investors may end up with regrets.
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If the charitable deduction is capped or cut, some say, the United States will lose billions of dollars in charitable donations. But there is little hard data to support the claim.
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Limiting tax deductions as part of a "Fiscal Cliff" deal would force the wealthy to bear the brunt of the cost, with million-dollar earners getting hit the hardest.
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Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.
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Before the election, David Siegel sent his employees a memo telling them to consider, “Whose policies will endanger your job?”
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Millionaires candidates who used their own money to run were roundly rejected by voters last night, and the majority were targeted during the campaign for their wealth.
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While not a record for self-financed campaigns, the $90 million former pro wrestling executive Linda McMahon spent on her two failed Senate bids could have bought her plenty of luxury.
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The long-favorable tax policies for the wealthy are rapidly falling one by one. Now it may be India's turn.
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Wealthy candidates are hoping they don't see a repeat of 2010, when millionaire office-seekers were roundly defeated.
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The United States added more than 1,000 millionaires a day under the Obama administration.
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Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.