Browsing: Taxes
California’s top 1% pay nearly half the state’s income taxes—Prop 40 critics say it may hit everyone
California’s revenue is notoriously top heavy, leaving state coffers vulnerable to boom-and-bust cycles as the wealthiest residents see their incomes…
Monaco has long been a tax haven for London’s ultrawealthy seeking to shield their fortunes from the UK Treasury. This…
It’s been more than a year since the Trump administration dismantled Voice of America, the largest U.S. international broadcaster, saying…
Warren Buffett, who is worth $142 billion today and was once the richest man in the world, started out making…
Google’s Sergey Brin has now donated more than $100 million to oppose California’s billionaire tax
Google cofounder Sergey Brin has now spent more than nine figures combating California’s proposed wealth tax. According to filings, Brin…
Wilbur Ross says New York’s pied-à-terre tax targets people who ‘can’t retaliate at the ballot box’
This week’s been rough for proponents of New York City’s pied-à-terre tax. On Monday, former Commerce Secretary Wilbur Ross filed…
A Staten Island judge on Tuesday threw out New York City’s rollout of its new pied-à-terre tax. He ordered Mayor…
Billionaires are flocking to these 3 Florida localities—here’s how much they save in state taxes
As more states have begun to introduce wealth taxes, billionaires and other ultrawealthy individuals have been forced to make the…
As the Social Security insolvency nears, more lawmakers are open to tax hikes—even Republicans
Congress has put off making tough choices on Social Security for years, but the bill is coming due soon, and…
LeBron James took a pay cut to maybe live in New York and be a supercommuter to Philly by chopper
LeBron James is the NBA’s first and only active player to reach billionaire status. The Chosen One has four championship…












