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Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru

Author Chuck Collins says vast fortunes are a red flag and explains why Warren Buffett's post-death…

Theron Mohamed   


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Bill Gates says the rich would be a lot poorer if he set taxes — but banning billionaires isn't on his agenda

Bill Gates said the wealthy would be worth a third as much if he designed the tax system, but unlik…

Theron Mohamed   


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Bill Gates said if he were in charge of the US tax system he'd have paid 'tens of billions' more

Bill Gates told the Independent he'd pay "tens of billions" more if he designed the US tax system, …

Joshua Nelken-Zitser   


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3 mins read

Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.

Former President Donald Trump said he wants to end Social Security taxes for older adults. It could…

Allie Kelly,Ayelet Sheffey   


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Jamie Dimon says the 'Buffett rule' approach to taxing the wealthy could solve America's debt problem

The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lowe…

Filip De Mott   


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3 mins read

Trump's trade and tax policies are the new hot-button topic dividing economists and market experts

Many notable economists are sounding the alarm on the inflationary impact of Trump's proposals. Oth…

Filip De Mott   


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1 min read

Samsung family members selling $2 bn worth shares to cover inheritance taxes

Members of Samsung Group's owning family are set to sell nearly 2.6 trillion won ($2 billion) worth…

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3 mins read

Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.

Wyoming, Delaware, and Montana lead the US in new business formations this year. Cheap costs and fa…

John Towfighi,Juliana Kaplan   


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1 min read

A tax on millionaires might soon pay for universal free community college in Massachusetts

The Massachusetts state Senate passed a fiscal budget that includes plans for universal free commun…

Kenneth Niemeyer   


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2 mins read

Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn

The Treasury secretary, Janet Yellen, and her predecessor Larry Summers called out Trump's plan to …

Filip De Mott   


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Half of donations made by The Musk Foundation had links to Musk, his businesses: NYT

Around half of donations made in 2021 and 2022 by the Musk Foundation had some link to Musk, his em…

Alia Shoaib   


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1 min read

Check out the hilariously low-effort website for the Musk Foundation, where billions of Elon Musk's philanthropy money goes

The New York Times reported that about half of the donations made by the charity in 2021 and 2022 h…

Kwan Wei Kevin Tan   


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1 min read

Delhi cops nab Special 26-like scamsters who pose as Income Tax officials

In what seemed as a real inspiration taken from the Bollywood potboiler 'Special 26', over a dozen …

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2 mins read

Warren Buffett just donated $4.1 billion of Berkshire Hathaway stock - and has now given away 50% of his fortune

The investor marked the milestone by reflecting on his wealth and philanthropy, and addressed the f…

Theron Mohamed   


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2 mins read

Thousands of student-loan borrowers celebrating Biden's latest debt relief might have to pay taxes on it in these 5 states

While Biden's latest student-loan forgiveness will not be subject to federal taxes, borrowers might…

Ayelet Sheffey   


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2 mins read

States may not tax Biden's student loan forgiveness after all, says one tax expert

Jared Walczak of think tank The Tax Foundation says states may decide to change their regulations r…

Beatrice Nolan   


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4 mins read

Moving to Florida could save you on taxes but cost more overall

The lack of an income tax has drawn many Americans to Florida. But the move won’t save everyone mon…

Jacob Zinkula   


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2 mins read

Gautam Adani gives a tenth of his networth to charity, Azim Premji is impressed

Gautam Adani, India's richest man, has pledged to donate 60,000 crore towards charity. The charitab…

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Country committed to improve trade facilitation, says Nirmala Sitharaman

Beyond construction of a new building, these days emphasis is also given on how energy-efficient…

PTI   


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3 mins read

Sadhguru’s advice: Government should give tax relief for sustainable businesses

Speaking at the Business Insider Global Trends festival 2020 from the backdrop of the Grand Cany…