The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping the state despite the loss of high-income earners.
Bill Gates told the World Economic Forum that countries, companies and individuals who have the most "should be pushed to be more generous."
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2024-01-18T11:09:24Z
In the "Proud to Pay More" report, Abigail Disney discussed the environmental impact of a private flight she took "nearly two decades ago."
"We should want more billionaires, not fewer," one economic think tank director says.
Despite a brief reprieve for NYC's cost of living, people making less than $172,000 fled the city.
The EU Tax Observatory estimated that a 2% global minimum tax would raise close to $250 billion annually.
Norway raised its wealth tax from 0.85% to 1.1% last year, prompting the departure of some of its most affluent citizens.
Buffett praised Cooperman for defending Henry Singleton and Teledyne, and joked he could "deliver Nebraska" if the veteran investor ran for president.
Elon Musk took a dig at wealthy Democratic donors and President Joe Biden's plans to tax the rich in a tweet on Saturday.
Sen. Bernie Sanders and other progressives want people inheriting over $3.5 million to pay at least 45% in taxes.
Under Biden's latest proposal, Americans earning above $400,000 would chip in a little more in taxes, as prescription drug prices go down.
Taxing the ultra-wealthy could raise billions to help middle-class families afford childcare and housing, lawmakers say.
"Trickle-down has not only failed. Trickle-down was always a lie," Nabil Ahmed, Oxfam America's director of economic justice, told Insider.
During her time in the Senate, Kyrsten Sinema stopped Democrats from raising taxes on the rich. Now a GOP-led House will have to take that on.
There might be billions of dollars of untaxed wealth in your state — and it's one reason why sales taxes are so high.
Around one in every 1,000 taxpayers in Spain will have to pay a new wealth tax, which the government expects will bring in up to 1.5 billion euros.
A new report finds 13 states are helping turn America into the world's newest tax haven for the ultra-wealthy by letting them hide high-value assets.
Senator Joe Manchin has swung the door open again on spending. Some Democrats want to tax billionaires more to pay for it.
Congress is renegotiating a spending package to pass some of Biden's economic agenda. A group of millionaires want to pay a wealth tax to help.
A new analysis finds that Elon Musk had an average tax rate of just 2.1% on his wealth growth from 2013 to 2018.