Breaking into the top 1% of wealth in the US is getting harder. It now takes at least $5.8 million to join the richest echelon in the world's largest economy, almost 15% more than about 12 months ago, according to research from Knight Frank.
The wealthiest families in most states are paying lower tax rates than everyone else, a new analysis found. The new study conducted by the Institute on Taxation and Economic Policy analyzed the tax systems across all 50 states and Washington, D.C., by looking into how each of seven different income groups pays state and local tax rates.…
You may feel little sympathy for people in the top bracket of earnings, but don’t let that stop you reading. Like it or not, their views and actions matter to everyone