Tesla chief executive Elon Musk donated a total of 5,044,000 shares in the world’s most valuable automaker to a charity from Nov. 19 to Nov. 29 last year, its filing with U.S. Securities and Exchange Commission (SEC) showed on Monday. … Read the full article at...
“Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. … Read the full article at CNBC.
The $2 trillion coronavirus rescue package passed late Wednesday by the Senate would cut the compensation for the highest-paid American executives if their companies accept financial assistance from the federal government. The legislation would prevent company...
Sarah Anderson, Institute for Policy Studies, and Aparna Mathur, AEI, join “Squawk Box” to discuss the impact taxes have on fighting income inequality. … Watch the full interview at CNBC.
Berkshire Hathaway chairman Warren Buffett has plenty of money. The so-called “Oracle of Omaha” — a nod to both his hometown and his prowess as an investor — is worth $86 billion on Thursday, according to Forbes. And that’s a whole lot more than most people have. In...
Wall Street investment banks are infamous for the hefty bonuses they often dole out. In fact, in 2018, the bonus pool for the 181,300 security industry employees who work in New York City was $27.5 billion, according to the Office of the New York State Comptroller. If...
WHEN PARTS OF THE FEDERAL GOVERNMENT SHUT DOWN toward the end of last year, many Americans went without a paycheck or two. Crisis followed. A tax examiner for the IRS couldn’t afford to pick up his insulin prescription. A geologist for the Department of Interior...
The U.S. should increase taxes on the wealthy as the disparity between the rich and poor has reached extreme levels, investor Jeremy Grantham said Thursday. “I arrived in 1964, and America was a fairly equal place with fairly rapid mobility between socioeconomic...
In America capitalism generates a lot of wealth, but it’s landing in the hands of a very, very few. Microsoft co-founder Gates, Amazon founder Jeff Bezos and Berkshire Hathaway CEO Warren Buffett collectively have more wealth than the 160 million poorest Americans,...
Investing tycoon Warren Buffett has benefited handsomely from the United States’ market economy. At 88, the CEO and chairman of Berkshire Hathaway is currently worth $83.3 billion, according to Forbes. He has more money that he could ever spend, he told CNBC’s Becky...
As the adage goes, there are only two certainties in life: death and taxes. And if Vermont Senator Bernie Sanders’ new tax plan were to go into effect, death would trigger much higher taxes for the billionaire set. … Read the full article at...
The power and greed of billionaires in the United States is threatening the country. So says Bernie Sanders, the 77-year-old senator from Vermont who tried unsuccessfully to win the Democratic presidential nomination in 2016. “We live in a nation owned and...
Cardi B might be making “money moves” but she’s not happy that so much of that money goes to Uncle Sam and she’s not sure what she gets in exchange. The Bronx-bred rapper reveals that 40 percent of her income goes to taxes in a video posted...
When President Donald Trump travels to Springfield, Missouri, on Wednesday to stump for tax reform, he’ll rely on a well-worn argument that giving businesses a tax break will create more jobs. But while the argument sounds compelling, there’s little...
