Record lottery payouts are rewriting the conventional financial wisdom about how the winners can best handle their good fortune, from tax advice to their reconfigured lives. » Read More
French Budget Minister Jerome Cahuzac, who has spent months singling out tax dodgers, is ensnared in allegations that he transferred money from a Swiss account into one in Singapore.
Millionaires already get audited more than the everyone else but a new government report suggests they should get audited even more.
In one of the largest such prosecutions in years, a Florida woman pleaded guilty to two charges of filing false tax returns that failed to report her UBS accounts.
French actor Gerard Depardieu's flirtation with moving to Russia to escape tax hikes obscures the broader fact that wealthy Russians are fleeing their country.
Despite its well-publicized cutoff at incomes of $400,000 and up, the fiscal cliff deal could increase taxes on people making less.
The wealthy generally support higher income taxes, and that their support is growing, a new survey found.
Professionals, like doctors and lawyers and anyone else who might be sued, should work with an adviser to keep creditors from cleaning them out if they lose in court
Sure, investment returns grab the headlines, but fees fatten the top and bottom line, which makes expansion into other services tempting.
Australian mining heiress Gina Rinehart is making news over a column she wrote where she said "if you're jealous of those with more money, don't just sit there and complain," among other things. CNBC's Robert Frank has the details.
What is President Obama doing to make the wealthy feel as though they rightfully owe taxes to the government? CNBC's Robert Frank has the details. Tony Fratto of Hamilton Place Strategies, and Keith Boykin, former Clinton White House aide, weigh in.
CNBC's Robert Frank reports on an increasing number of wealthy who are looking to sell their homes quickly in case taxes go up next year.
A survey from GlobeScan found that 58 percent of Americans say the rich deserve their wealth, and also the number of people who think the wealthy should pay more taxes has fallen in recent years.
NBC's Andrea Mitchell has the story on Denise Rich renouncing American citizenship as a way around the IRS. Representative Cathy McMorris Rodgers (R-WA), shares her opinions. "This is human behavior, if you raise taxes, people are going to try to find areas and locations to relocate themselves and their businesses where the tax burden is a lot less," she says.
60% of millionaires are likely to vote for Mitt Romney, reports CNBC's Robert Frank.
IRS reports show that the top 400 earners saw their incomes drop at much steeper rates than the rest of the population from 2007 to 2009, reports CNBC's Robert Frank.