Debate all you like about whether the rich pay their fair share in taxes, but this is certain: Some high earners pay no taxes at all. A recent IRS study found that 35,000 U.S. taxpayers earning $200,000 or more paid no income tax in 2009. Curious how they pulled it off? Read on...
Under his own tax proposal, Mitt Romney would pay half what he would under President Obama's tax plan, saving him almost $5 million a year. But if Romney wins, Obama could save as much as $90,000 a year.
No cameras are permitted. No transcripts are available. Only shareholders may attend. But we have a ringside seat at the Berkshire Hathaway annual meeting. Here's what Warren Buffett, the Oracle of Omaha said in this year's Q&A.
President Obama is making the Buffett Rule -- a minimum tax on millionaires who get off easy under the current tax code -- one of the centerpiece of his re-election campaign. Here's what adoption of the tax might mean for all of us.
Warren Buffett's tax proposal would put the bite on America's wealthy: Those who make $1 million or more would pay 30%, while those who make more than $10 million would pay 35%. But even if it passed, experts say balanced budgets will require sacrifices across the board.
Younger voters are weighing in extremely positively on President Obama's proposal to tax millionaires another $1.5 trillion over the next 10 years. According to a new survey, 80% of Americans under the age of 30 strongly support the move, while less than 9% oppose it.