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.
A tax on wealthy New Yorkers follows efforts in other states to improve shaky balance sheets with revenue from those with top incomes.
Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
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.
Giving in the United States grew by a scant two percent in 2012, the slowest since the depths of the financial crisis in 2009.
Relying on the wealthiest taxpayers can turn into budget turmoil when the market slides, according to analysts.
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.
A new Pew Research survey finds that the debate over the wealth gap has calmed slightly, despite a divisive election.
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!
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.
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.
Billionaire Warren Buffett said that killing the charitable deduction would not change his giving.
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.
New IRS data show that those making between $1.5 million and $2 million pay the highest average tax rates in the country.
In their rush to avoid the tax hikes of the "fiscal cliff," investors may end up with regrets.
A survey by the Pew Research Center found that more than a third of Americans like or even love doing their taxes.
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.