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TAXING THE ULTRAWEALTHY
Billionaires abound in California. Why not tax their wealth?No state may be a more natural fit for a tax on billionaires than California. The state leans left politically, needs funds for healthcare ...- Trump dwarfs his predecessors in the number of ultra-rich in his second White House, report showsDonald Trump appointed significantly more millionaires to his administration than prior presidents. Fifty-seven officials in his government...
- ‘Ken Griffin isn’t a villain’: Why Jeff Bezos is defending the billionaire Citadel CEO who owns America’s most expensive apartment amid Zohran Mamdani’s $5 million NYC tax planAmazon founder Jeff Bezos has defended billionaire Citadel CEO Ken Griffin, saying “Ken Griffin isn’t a villain”. The development came as t...
- GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hubIndian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC and Singapore emerging as key contenders. Each hub offer...
- Surrounded by billionaires in Davos, Trump plans to lay out how he''ll make housing more affordablePresident Donald Trump will speak about making housing affordable from Davos, Switzerland. This event brings together global leaders and bi...
- IRS said to be considering whether to revoke Harvard's tax-exempt statusThe IRS is considering revoking Harvard's tax-exempt status, escalating the Trump administration's pressure on the university. This action ...
- IRS loses nearly 40% of its billionaire audit team as Donald Trump and Elon Musk push for deep cuts, America’s wealthiest celebrateThe IRS’s Global High Wealth unit, tasked with auditing the wealthiest Americans, has seen a 38% loss in staff this year, resulting in stal...
- Trump readies matching tariffs on trade partners, possibly setting up major economic showdownPresident Donald Trump plans to sign an order requiring US tariffs on imports to match the tax rates charged by other countries. This move,...
- There seems to be no limit to how expensive US homes can getAmerica's super-rich faced rising home prices in 2024. Jonathan Miller's annual survey revealed a trend of escalating prices in luxury mark...
- How one of the world's richest men is avoiding $8 billion in taxesNvidia CEO Jensen Huang, worth $127 billion, has employed various tax strategies to avoid an estimated $8 billion in estate taxes. These st...
- Can Democrats stop the 'tax doom loop'?Democrats are aiming to break the cycle of temporary tax cuts initiated by Republicans, which they believe has led to economic issues like ...
- 'Who wants to be a trillionaire': The game show is nearing its climaxA trillion dollars can purchase shares of all shares of McDonald's, PepsiCo, Coca-Cola, and more. Elon Musk is predicted to become the firs...
- Is tax avoidance ethical? Asking on behalf of a few billionaire friendsInvestigative journalism outlet ProPublica says it has obtained a “vast cache” of information from the Internal Revenue Service that purpor...
- How the superrich make sure their kids stay superwealthyThe first clue that this is no ordinary crowd of sulky teenagers comes when the instructor asks those who’ve invested in the market to rais...
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