Plan to revive IRS ‘Wealth Squad’ puts the richest on notice
After years of declining funding, President Joe Biden has added $80 billion to the IRS budget with a focus on enforcement, including revival of the...
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America's wealthiest pay relatively little in income tax, ProPublica finds VIEW
The richest 25 Americans pay less in tax — an average of 15.8% of adjusted gross income — than many ordinary workers do, ProPublica found....
White American wealth hits record high on pandemic stocks surge
The net worth of white Americans hit a record high last year, driven by a stock-market rebound that defied the pandemic, while other ethnic groups...
World’s richest men added billions to their fortunes last year as others struggled | Analysis
Billionaires as a class have added about $1 trillion to their total net worth since the pandemic began. And roughly one-fifth of that haul flowed...
Even as Americans grew richer before the pandemic, inequality persisted
The figures tell a story of improving personal finances fueled by income gains and rising home prices. Yet yawning gaps persisted — the share of...
Seattle’s median household income soars past $100,000 — but wealth doesn’t reach all | FYI Guy
The median income for the roughly 345,000 households inside Seattle's city limits surpassed $100,000 in 2019. Only two other big U.S. cities have passed that...
Stiffing workers on wages grows worse with recession
Fredy Moreno had been working as a house painter for a few weeks in March when he began to suspect that his boss had no...
Jeff Bezos’ wealth tops $200 billion while Elon Musk’s worth exceeds $100 billion
Amazon CEO Jeff Bezos, his ex-wife MacKenzie Scott and Elon Musk, three of the world's richest people, have achieved staggering new levels of personal wealth.
The stark racial inequity of personal finances in America
When it comes to wealth, Black Americans have less at nearly every juncture of life, from birth to death. Perversely, having less can cost more.
Avoiding coronavirus may be a luxury some workers can’t afford
The disparity between high-earning professionals and service industry workers could make the new coronavirus harder to contain in the United States than in other rich...