Quantcast
Home » Topics » wealthiest americans

How the wealthiest Americans use this one weird trick to avoid $100 billion in taxes

The wealthiest Americans have avoided paying about $100 billion in taxes through a loophole that essentially makes estate taxes voluntary, according to the attorney who devised the legal maneuver. Under current law, the wealthy must pay taxes on estates valued at more than $5.25 million for an individual or $10.5…

Romney flip-flops on protests: ‘I worry about the 99 percent’

If you want to gauge how effective a popular movement has become, compare the present statements of leading politicians with their prior positions. In the case of former Massachusetts Governor Mitt Romney (R), the difference is night and day. During an appearance in Florida last week, Romney was calling the…

Buffett admits he hasn’t read Obama’s jobs plan, will likely oppose parts of it

During an appearance on CNBC Friday morning, billionaire investor Warren Buffett appeared to change course on President Barack Obama’s jobs plan, admitting he had not read the plan and suggesting that he’ll likely oppose parts of it. The admission is particularly surprising, given Buffett’s recent advocacy of the plan, and…

Obama opposes permanent extension of tax cuts for rich

President Barack Obama said on Friday he does not want to permanently extend tax cuts for the wealthiest Americans, sending another signal he is willing to forge some sort of compromise with newly emboldened Republicans to win an extension for the middle class. The White House has been hinting it…

Google+