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.
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.
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.
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.
For President Obama, new revenues depend on curbing deductions for affluent taxpayers and implementing Warren Buffett's minimum 30 percent tax for millionaires.
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.
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.
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.
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?