The London home of one of Britain's best-known prime ministers is on the market for £30 million ($43.5 million). » Read More
By: Robert Frank
Singapore could overtake Switzerland as the world's capital for offshore wealth by 2020, a new report says. » Read More
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.
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.
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.
Before the election, David Siegel sent his employees a memo telling them to consider, “Whose policies will endanger your job?”
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.
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.
The long-favorable tax policies for the wealthy are rapidly falling one by one. Now it may be India's turn.
Wealthy candidates are hoping they don't see a repeat of 2010, when millionaire office-seekers were roundly defeated.
The United States added more than 1,000 millionaires a day under the Obama administration.
Companies have given millions to the Sandy cause. But so far, big charity checks from the rich remain scarce.
The owner of a private bridge in Michigan is spending millions to block a new government-funded bridge nearby. When do the wealthy have too much political influence?
The wealthier the Californian, a study of tax data says, the less likely he or she is to move to avoid taxes aimed at the rich.
One57, a luxury apartment building in Manhattan that has grabbed headlines for its use of controversial tax breaks, is now being closely watched by emergency teams, as a crane, apparently knocked loose by Hurricane Sandy, dangled from its topmost floor.
Rumors were that plans for the former Apple CEO's boat had been shelved during Jobs's illness. But the yacht has just had its posthumous launch in the Netherlands.
A new study finds that affluent voters will spend more, invest more and put more money into their businesses if Romney wins in November.
A study from American Express Publishing and Harrison Group shows that holiday spending will grow 33.5 percent among the top one percent of earners this Christmas, to $3.4 billion.