Most of the businessmen in the two top income brackets are not the lawyer or corner grocer who files Schedule C.
In winning over 38 billionaires to pledging half their wealth to charity, Warren Buffet and Bill Gates also set a better climate in the political debate over ending the Bush tax cuts on the rich.
At a Monitor-sponsored breakfast for reporters Thursday, Treasury Secretary Timothy Geithner gave praise for Elizabeth Warren and discussed Obama administration plans for the estate tax and housing reform.
Airline fees are not part of the ticket price, meaning they can easily go unseen until it's too late for the consumer to shop around.
In the long run, turning billions of dollars from tax-deferred to tax-free savings through the tax change will be a huge loser for Treasury.
Americans as well as immigrants showed up for music and fireworks in Boston on the Fourth of July. In Massachusetts, the immigrants who live here illegally are relatively safe. Not so in nearby Rhode Island. The differences between the two states point to a likely argument in the Justice Department suit against the Arizona law.
The BP oil spill has cost the company almost $150 million and counting in compensation for damages to Gulf Coast workers and businesses. But replacing millions in undocumented income from the tourist-driven Gulf economy may prove impossible.
The trial of a photographer charged with trying to defraud L'Oréal heiress Liliane Bettencourt started today, but was suspended to examine secretly made tapes in which Bettencourt discussed tax shelters with an adviser. Disaffection with elite privileges is rising in France.
While more employees enroll thanks to the opt-out design, their employers are likely to match less of their contributions.