J.C. Penney Gets Increase in Line of Credit from $1.75 Billion to $2.25 Billion
Inside Wealth: Politics
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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.
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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.
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Singapore could overtake Switzerland as the world's capital for offshore wealth by 2020, a new report says.
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Predicting how much the US will collect in in taxes each April is a chancy prospect, thanks to the wealthiest taxpayers.
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Silicon Valley’s latest attempt to shape national policy risks attracting negative publicity, critics say.
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For President Obama, new revenues depend on curbing deductions for affluent taxpayers and implementing Warren Buffett's minimum 30 percent tax for millionaires.
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A tax on wealthy New Yorkers follows efforts in other states to improve shaky balance sheets with revenue from those with top incomes.
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Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
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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.
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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.
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Giving in the United States grew by a scant two percent in 2012, the slowest since the depths of the financial crisis in 2009.
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Relying on the wealthiest taxpayers can turn into budget turmoil when the market slides, according to analysts.
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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.
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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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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.