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13 Dec 2013, 10:03 am
Buried inside a Congressional Budget Office report this week was this nugget: when it comes to individual income taxes, the top 40 percent of wage earners in America pay 106 percent of the taxes. [read post]
9 Nov 2017, 2:00 pm
New research based on data taken from the Bank for International Settlements shows that the affluent using offshore tax havens tend to be from countries stocked with natural resources, living in close proximity to Switzerland, or residing in nations that... [read post]
10 Mar 2009, 4:09 am
Merrill Lynch offered millions in guaranteed bonuses to lure ten Latin American investment bankers away from UBS last spring, giving one, Alexandre Bettamio at least $7 million, The Wall Street Journal reported, citing people familiar with the matter. [read post]
17 Nov 2013, 7:26 pm
My apologies to the creator of this pastiche – I can’t find the original tweet now to give credit. [read post]
31 Dec 2012, 11:00 am
The current commotion in Washington regarding the fiscal cliff (and the estate and gift taxes) may not particularly interest you. [read post]
24 Jan 2010, 6:56 am
E nominus patri, et feli, e spiritu sancti. [read post]
9 Mar 2019, 3:28 pm
More than half of those who were audited lost their cases, and the average collected by New York State between 2015 and 2017 was $144,270 per audit, Monaeo said. [read post]
28 Jul 2023, 7:51 am
Tony Bennett was beloved by those young and old not only as a talented singer, but as a World War II veteran and civil rights icon. [read post]
24 Nov 2015, 1:00 am
The Treasury Inspector General for Tax Administration has released Improvements Are Needed in Resource Allocation and Management Controls for Audits of High-Income Taxpayers (2015-30-078): Given the IRS’s goal of providing higher audit coverage to high-income taxpayers and its reduced operating budget, it is that much more important that the IRS... [read post]
22 Aug 2018, 11:00 am
Los Angeles Times, California Homeowners Get to Pass Low Property Taxes to their Kids. [read post]
21 Dec 2010, 8:41 pm
The New York Times reports that mega-millionaire Larry David of Seinfeld fame can’t curb his enthusiasm about the extension of the Bush tax cuts: There is a God! [read post]
17 Nov 2013, 7:26 pm
My apologies to the creator of this pastiche – I can’t find the original tweet now to give credit. [read post]
16 Mar 2016, 9:45 pm
Whether you are a media mogul or a hardworking family with a single bank account, making time to ensure that your estate planning is done is important to protecting your family. [read post]
13 Jun 2020, 11:00 am
According to a government watchdog report, the Internal Revenue Service is letting hundreds of thousands of high-income individuals duck their tax obligations. [read post]
21 Nov 2011, 5:56 pm
Yes, they sure do, according to a study recently commissioned by the chief economist of the New Jersey Department of the Treasury, Charles Steindel. [read post]
14 Jun 2023, 10:00 am
1989 family wealth in the United States was roughly $38 trillion when accounting for inflation. [read post]
5 Oct 2007, 3:19 pm
In a complaint entitled “Billy Joel Took My Philly Soul” the JLR is suing over “everlasting trauma. [read post]
22 Oct 2007, 4:24 am
The proposed merger between British insurance firms Resolution and Friends Provident is looking increasingly unlikely as expectation intensifies about a possible Standard Life bid for Resolution, The Guardian reported. [read post]
21 Nov 2009, 5:01 am
I found a wonderful article on confiscatory taxation over at the Ludwig Von Mises Institute website. [read post]
24 Aug 2017, 6:00 pm
Craig Price, a former UBS AG senior vice president, was more than a little surprised when he saw the $2,600 tab he and colleagues had racked up at an upscale restaurant in Palm Beach, Florida. [read post]
