Tag Archives: billionaires

Could you please feel outraged? Again? For the last 10 or 20 years, politicians, mostly Democratic, have been trying to point out some vast inequities in the U.S. tax system. In 2011, President Obama proposed the “Buffett rule,” which would require billionaires such as Warren Buffett to pay taxes at the same rate as middle-class workers. Buffett has long pointed out that he pays a lower tax rate than his secretary, because of the wide disparity in tax rates on regular income and on gains… Source link

Billionaires like Warren Buffett are exploiting this retirement account — you can, too Here’s one trick you can easily copy from the world’s wealthiest. After all, it was designed for you in the first place. Tycoons like Warren Buffett and PayPal founder Peter Thiel have been hoarding millions or even billions of dollars in tax-sheltered retirement accounts, according to a recent report from ProPublica. Leaked tax documents show Individual Retirement Accounts (IRAs), originally created to… Source link

Rihanna has entered the billionaires club.   According to Forbes, the 33-year-old is now worth a whopping $1.7 billion — making her the wealthiest female musician, and second only to Oprah Winfrey, as the richest female entertainer.  Although many know Rihanna for her music — from hit singles “Umbrella” and “Where Have You Been” to “We Found Love” and “Work” — she actually achieved the bulk of her income through her fashion and beauty brands.  Fenty Beauty, which launched in 2017, has… Source link

The big takeaway from the past week in business news is that A) secretly released documents show that billionaires aren’t paying their fair share in taxes. (Gee, you think?) And meanwhile, B) hotels and restaurants and other businesses can’t find enough people to work as maids and dishwashers, etc. If that doesn’t get your “hmmm” juices flowing, I don’t know what will. Let me explain by first going through the A and B elements and then speak to how they’re connected.  The billionaire… Source link

Robin Zeng, founder and chairman of Contemporary Amperex Technology. (Photo by Paul Zinken/picture alliance via Getty Images) picture alliance via Getty Images A little known but fast growing Chinese maker of batteries for electric vehicles now has more billionaires on Forbes’ list than just about any other public company. A whopping nine billionaires have fortunes of $1 billion or more based on their stakes in Contemporary Amperex Technology (known as CATL). Shares of the firm,… Source link

The Guardian ‘Please send more vaccines’: Covid crisis engulfs California’s farming heartland Fresno county, a region in the state’s central valley made up of 999,000 people, is recording 450 new coronavirus cases per day Medical workers at Community medical center in Fresno county care for a coronavirus patient in the intensive care unit. Photograph: Community Medical Center California officials have signaled optimism that the latest, most deadly wave of the pandemic is starting to… Source link

TipRanks 2 “Strong Buy” Penny Stocks With Over 200% Upside on the Horizon Let’s talk about risk and the big picture. It’s an appropriate time, as the big risk – presented by the COVID-19 pandemic – is finally receding thanks to the ongoing vaccination program. COVID is leaving behind an economy that was forced into shutdown one year ago while in the midst of a great expansion, boosted by the deregulation policies. While the new Biden Administration is busy reversing many Trump… Source link