Actually, The Wealthy Are Taxed More, But ...

Paying taxes is bad enough. Finding out you pay a larger percentage of your income than presidential candidate Mitt Romney or billionaire Warren Buffet makes it even worse.

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Topics:  capital gains   income tax   mitt romney   tax rate   taxes   warren buffet   
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • On Marijuana Tax, Colorado Asks: What’s Too High?
    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
  • Where do more tax cheats live? South and West, IRS study shows
    Worried the Internal Revenue Service might target you for an audit? You probably should be if you own a small business in one of the wealthy suburbs of Los Angeles. You might also be wary if you're a small-business owner in one of dozens of communities near San Francisco, Houston, Atlanta or the District of Columbia. More
  • Obamas paid $112,000 in taxes in 2012
    President Obama and first lady Michelle Obama paid more than $112,000 in taxes in 2012, an effective federal income tax rate of more than 18% for 2012, according to the White House. The Obamas and Vice President Biden and his wife released their tax returns Friday, three days before the April 15 tax filing deadline. More
  • NYC's wealthy are commuting from their pandemic pads — by chopper
    Not ready to move back to the city full time, wealthy New York executives are commuting in for business via helicopter or seaplane from homes in East Hampton and other posh locales.
    10/30/2020 - 11:34 am | View Link
  • Wealthy New Yorkers regret leaving the city? What a surprise
    The pandemic has been hard on everyone, but it has been particularly difficult for wealthy New Yorkers. Like when they had to leave the city in droves, after the pandemic hit and they shortly realized ...
    10/30/2020 - 7:42 am | View Link
  • Jack Nicklaus Net Worth: Wealthy Golfer Swings Support To Trump
    Jack Nicklaus has generated quite the reaction by voting for Donald Trump and encouraging others to do the same less than a week ahead of the presidential election. Arguably the greatest golfer of all ...
    10/29/2020 - 3:00 am | View Link
  • Biden fundraising blows out Trump in wealthy NYC ZIP codes, clouding 'Scranton vs. Park Avenue' line
    New analysis from the New York Times shows that Biden's strong fundraising has been buoyed by individual donors in the nation's richest, most educated enclaves.
    10/28/2020 - 6:24 am | View Link
  • Inside The Political Donation History Of Wealthy Sports Owners
    This is the first in a series of six pieces that show how professional sports owners in America contribute to political campaigns, why they spend millions in the space and what that financial power ...
    10/28/2020 - 3:41 am | View Link
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  • Wealthy | Definition of Wealthy by Merriam-Webster
    rich, wealthy, affluent, opulent mean having goods, property, and money in abundance. rich implies having more than enough to gratify normal needs or desires. became rich through shrewd investing wealthy stresses the possession of property and intrinsically valuable things. wealthy landowners affluent suggests prosperity and an increasing wealth. an affluent society opulent suggests lavish expenditure and display of great wealth, more often applying to things than people. an opulent mansion
    10/26/2020 - 4:45 pm | View Website
  • Wealthy | Definition of Wealthy at
    Wealthy definition, having great wealth; rich; affluent: a wealthy person; a wealthy nation. See more.
    10/26/2020 - 10:55 am | View Website
  • Wealthy
    Define wealthy. wealthy synonyms, wealthy pronunciation, wealthy translation, English dictionary definition of wealthy. adj. wealth·i·er , wealth·i·est 1. Having wealth; rich. See Synonyms at rich. 2. Marked by abundance: a wealthy land. 3. Well supplied: wealthy in...
    10/26/2020 - 12:25 am | View Website
  • Wealthy Synonyms, Wealthy Antonyms | Merriam-Webster Thesaurus
    Some common synonyms of wealthy are affluent, opulent, and rich. While all these words mean "having goods, property, and money in abundance," wealthy stresses the possession of property and intrinsically valuable things.
    10/25/2020 - 10:30 pm | View Website
  • Are You Rich? How the Wealthy Are Defined | Personal ...
    According to respondents of a 2019 Modern Wealth Survey from Charles Schwab, once you have $2.3 million in personal net worth, you can call yourself wealthy. On the other hand, people responding to...
    10/25/2020 - 8:57 pm | View Website
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