Whitehouse confirmed Monday that he and at least two co-sponsors will introduce a bill on Wednesday requiring millionaires to pay a 30 percent tax rate on their income.
The names of a top executive at Berkshire Hathaway Inc. and a board member at Goldman Sachs Group Inc. surfaced on Friday as potential witnesses in the insider-trading trial of Rajat Gupta, a former director of Goldman, the Procter & Gamble Co., and other companies.
Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett said on Wednesday, backing the tax reform that President Barack Obama proposed in his State of the Union address.
The arrival of the man known as the Warren Buffett of North on Research In Motion's board this week offers a ray of hope to the BlackBerry maker's impatient shareholders after their disappointment that an insider was named new chief executive.
The United States has a huge budget deficit, so taxes are going to have to go up. I certainly agree that they should have to go up more on the rich than everyone else. That's just justice, Gates said on Wednesday while discussing President Obama's State of the Union address.
Those paying capital gains taxes should pay their fair share, and they already are.
As the GOP primary in Florida approaches, Sen. Marco Rubio attempted to frame himself as a political voice representing the nation's Hispanic community -- and failed.
A nightmare on world freight markets, where shipping prices have been decimated over the past four years, is gnawing at New Year optimism about a stabilizing world economy and shows how adept investors can be at tuning out 'inconvenient' information.
Those on more than $1m a year would pay at least 30% and their tax deductions would be eliminated under Obama's plan.
Why is Warren Buffet's secretary an honored guest at the 2012 State Union?
The White House released the State of the Union 2012 official special guest list Tuesday afternoon, and the people who have been invited represent different visions of the American Dream.
A slight majority of Americans -- 52 percent -- say they favor raising tax rates on capital gains to match the rate for wage income, according to new poll by The New York Times and CBS.
Republican presidential candidate Mitt Romney, succumbing to public pressure, released his tax returns for the year 2010 and estimated returns for the year 2011, early on Tuesday, according to a Washington Post report. His disclosures show he earned $21.7 million in 2010, for which he paid tax at the rate of 13.9 percent - therefore he paid approximately $3 million in taxes. According to the report, his income will stand at $20.9 million in 2011, for which he will pay tax at the estimated rate ...
If Mitt Romney's 15 percent estimate is accurate, his effective tax rate is below average even among the wealthiest Americans. He may face criticism from his peers among the top1 percent in income as well as the middle class when he releases his 2010 tax returns on Tuesday.
Billionaire Warren Buffett rang in the Year of the Dragon with a musical number on his ukulele on Chinese TV Monday.
Money, cash, baby clothes: that's the life and times of Jay-Z and Beyonce now that newborn daughter Blue Ivy Carter is in the picture, but Jigga was hanging out with some high-rollers last night at the reopening of his 40/40 club in New York City.
Republican presidential candidate Mitt Romney’s admission that his income tax rate was “probably closer to 15 percent than anything” may re-ignite the debate on the lower tax rate for capital gains and carried interest than for ordinary income -- the income category for most typical Americans.
It doesn't matter that some Americans have had enough of the Kardashian family and are actively protesting to take Keeping up with the Kardashians off the air. There are some others who continue to remain hooked! Even legendary investor Warren Buffett isn't, apparently, able to ignore the clan that became famous for reasons nobody really knows any more.
A federal judge refused on Thursday to throw out a lawsuit accusing General Electric Co and its chief executive of misleading investors about the conglomerate's financial health and exposure to risky debt during the 2008 financial crisis.
Berkshire Hathaway's Warren Buffett said he would donate $1 to paying down the national debt for every dollar donated by a Republican in Congress. The only exception is Senate Republican Leader Mitch McConnell -- for whom Buffett said he would go $3-to-$1.
One day in year 2005, a young man called Mark Zuckerberg surprised the world with a new concept called social media service. He called it Facebook, which has grown to have a market value of $100 billion now.
General Electric Co agreed to buy life insurer MetLife Inc's online bank on Tuesday, in a deal that will let GE's capital arm expand its funding base and lessen reliance on wholesale markets.
