Obamas Pay 18.4% Federal Income Taxes, Donate Big to Charity
The White House has released 2012 tax information for the President and Vice President. The President and First Lady paid $112,214 in taxes on income of $608,611.
buffett rule
President Obama's Weirdest New Taxes
To achieve $1.8 trillion in new revenue, President Obama has plenty of big taxes in his budget proposal. Here are some quirky maneuvers he suggests.
Tax Bills for the Rich Approach 30-Year High
With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.
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...
Obama Win Could Cost Romney $5 Million in Personal Taxes
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.
Berkshire Meeting Updates: Buffett Talks Cancer, Politics, Cheap Stocks and Gold
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.
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.
Even With Buffett Tax, Middle Class May Still Get Hit
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.
Tax the Rich? 80% of Young Voters Say 'Yes'
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.