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Inside Wealth: Taxes
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News that the Internal Revenue Service scrutinized conservative political groups has put the spotlight on another IRS target: the wealthy.
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News that the Internal Revenue Service scrutinized conservative political groups has put the spotlight on another IRS target: the wealthy.
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Taxes paid by the top earners are putting the U.S. back in the black, according to the Congressional Budget Office.
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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.
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.160x105.jpg?v=1367800214 "Singapore's Wealthy Probed in Hunt for Tax Cheats")
Banks in Singapore are urgently scrutinizing their account holders as an imminent deadline on stricter tax evasion measures forces them to decide whether to send some of their wealthiest clients packing.
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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.
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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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Higher than expected tax revenues resulting from outsized gains by the wealthy in 2012 could ease the budget pressures in Washington — or stoke arguments over taxes and spending.
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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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New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
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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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While Washington bickers over whether to raise taxes on the rich, the truth is, taxes on the richest Americans are already at their highest in decades.
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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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New York State's coffers are up $1.6 billion over last year, but the increase is due mostly to the wealthy shifting income into 2012 to avoid higher 2013 taxes.
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Charles Schwab's model in the new low-fee 401(k) environment is to move to index fees, and hope customers will pay to take their advice.
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Long after the housing crash, wealthy homeowners are challenging what they perceive as overly high tax assessments of their properties.
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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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Virtually every state's tax system unfairly takes from those who make the least, says a new report. But which states take the most from their richest residents?
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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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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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One study says that the "cliff" deal will not, in fact, reduce the giving of the wealthy. It's likely to increase it.
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Frank joined CNBC in 2012 as a reporter and editor. He is a leading journalistic authority on the American wealthy.