Study: America's Richest 7% Got Richer During Recovery
The richest Americans got richer during the first two years of the economic recovery while net worth declined for the other 93 percent of U.S. households, a new report says.
Occupy Wall Street
Jamie Dimon Agrees With Occupy Wall Street: 'Too Much Inequality'
In a speech, JPMorgan Chase CEO Jamie Dimon said the U.S. has "too much inequality" -- a striking sentiment coming from Wall Street's leading defender of financial elites.
The 9 Most Important Financial Stories of 2012
Sometimes the most important news stories get overshadowed by short-term crises and teakettle tempests. With that in mind, we at DailyFinance decided to take a look back at the nine stories of 2012 that are likely to have the biggest impact on your wallet in the year ahead.
Occupy Returns: How Do We Really Feel About Inequality?
Occupy Wall Street celebrates its first birthday today, but the movement's failure to articulate a program has allowed the traditional political parties to dominate the debate over inequality -- which, research shows, is a question Americans are very open to considering.
Occupy Wall Street Marks Anniversary with NYSE Protest
A few hundred Occupy Wall Street activists gathered in New York's financial district on Monday but police kept them well back from the New York Stock Exchange, which they had threatened to surround as part of a day of protests marking the movement's one-year anniversary.
How Thousands of Wealthy People Pay No Taxes (It's Totally Legal)
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...
The 2011 Fortune 500: The Big Boys Rack Up Record-Setting Profits
Given the sluggish recovery and a strapped consumer, you'd expect to see corporate America trudging along, not racing for glory. In fact, the Fortune 500 are thriving as a group.
Occupy Wall Street Has Lofty Aims for 'Day Without the 99%' Strike
"No work. No shopping. Occupy everywhere." That's the call from Occupy Wall Street on May Day -- International Workers Day. But what does the movement aim to accomplish with its general strike?
The Buffett Rule: Tax Reform Plan Is a Perfect Fit for Obama 2012
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.
Occupy the IRS? TaxKilla Shows You How to Bend the Tax Code
Every April, resistance to taxes becomes a national hobby. The rebellious souls at taxKilla.org take that resistance to the extreme by encouraging the broad use of tax loopholes and iffy methods to reduce what you pay to the IRS. But there's nothing illegal about it.
How Can You Get Mitt's Tax Rate? (Hint: You Can't)
Amid all the chatter about Mitt Romney's high income and low taxes, many have wondered why more Americans don't take advantage of those attractive capital gains rates. The answer is that most people can't -- at least not on a level large enough to make a difference in their finances.
Bill Clinton's Prescription for the U.S. Economy
Former President Bill Clinton offered up some wide-ranging prescriptions for curing the nation's ailing economy in a speech at the National Retail Federation's annual convention Monday, from investing in new sectors for job growth to cutting taxes on business.
Consume with a Conscience: The Rise of Ethical Shopping
More Americans are waking up to the idea of citizen consumerism -- a fitting topic on Martin Luther King Jr. Day, when our thoughts turn to social consciousness. Could the concept of making more of our purchases purposeful go mainstream in the same way that the green buying movement has?
OWS Prepares to Occupy Martin Luther King Jr. Day
It's been a rough few months for the social justice activists of Occupy Wall Street. But on Sunday and Monday, the movement will take to the streets again to honor one of America's most famous protesters: Dr. Martin Luther King Jr.
2011's Biggest Financial Heroes and Villains
In a year saturated with big financial headlines, identifying the fiscal heroes and villains is bound to be an exercise in oversimplification. But DailyFinance is going to try: Herewith, we present our picks for the best and the worst of 2011.