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Robert Frank, NBR, CNBC.com’s Posts
Sen. Elizabeth Warren’s proposed wealth tax may create an incentive for rich couples to divorce to avoid the tax, according to Harvard economist N. Gregory Mankiw.
The rich have cut their spending on everything from homes to jewelry, sparking fears of a trickle-down recession that starts at the top.
During Tuesday night’s Democratic presidential debate, many of the Democratic candidates called for ending a favorite tax break of the rich. And now they have some unlikely allies: billionaire, conservative hedge-fund managers.
An estate on Indian Creek Island sells for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal.
The car, a Ferrari 250 GTO, was sold at RM Sotheby’s on Saturday night as part of the Pebble Beach Concours d’Elegance — a kind of Coachella for wealthy collectors that includes five days of auctions, parties, tours and races in northern California.
Two paintings appeared to sell for massive prices, but actually lost or made very little money for Sotheby’s.
When it comes to income inequality, even the top 1 percent of earners in the U.S. stack up unevenly, according to a new report by the Economic Policy Institute. Here’s what you need to make to crack the top 1 percent in your state.
Total giving was up 5 percent in 2017, according to the Giving USA annual report.
Built in 1919, the seven-acre estate was the main home of Jacqueline Bouvier in the 1940s.
Among the records were new auction highs for Monet (a water lilies painting that went for $84.7 million) and Matisse (‘Odalisque Couchee aux Magnolias’ went for $80.7 million).
It’s believed to be a record for security costs for any CEO of a large corporation.
There are now 17.9 million households in the world, up 8 percent from 16.6 million last year, according to Boston Consulting Group.
If you want to avoid a tax audit this year, here’s the best piece of advice: don’t make millions.
Almost every room of Ed Brown’s 40,000-square-foot oceanfront home has a bottle of Patron tequila — including many of the 16 bathrooms.
A 38,000-square-foot mansion in Bel Air, California, is poised to become the most expensive home for sale in the U.S. at $250 million.