Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
The e-mail's optimistic tone helped Tesla shares turn positive for the first time in seven days.Technologyread more
J.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill...Banksread more
Facebook also says it's reacting faster to illicit sales of drugs and firearms.Technologyread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
The Trump administration announces a $16 billion aid program for American farmers that includes a three-pronged package of aid for American farmers who have been hurt by the...Politicsread more
Boost Mobile founder Peter Adderton said details of Boost's wholesale deal with a combined Sprint-T-Mobile would dictate if the brand can compete.Technologyread more
Amazon is reportedly getting into the wearables space. It would help the company learn more about customers and potentially corner the market on a demographic of older, sicker...Technologyread more
Trade tensions with China may be a boon to the U.S. housing market. Investors are rushing into the relative safe-haven of the bond market, cause the yield on the U.S. 10-year...Real Estateread more
What's the difference between you and someone like Warren Buffett? For one thing, he's likely to be on the IRS' list of the top 400 earners based on annual income tax returns. You'd be on the list too, if you made more than $140 million in 2012, the latest year available.
That's the cutoff for inclusion on the tony list, a spot only 4,321 taxpayers can boast since the IRS began collecting the data in 1992. Some 114 taxpayers have appeared on the list 10 times or more. (Tweet This)
But that's not the only thing keeping you from the 400 Club: Capital gains made up at least 68 percent of the income for the top 400 earners in 2012, a record total of $92 billion. Capital gains made up a paltry 9 percent of income for all taxpayers.