The president is said to want to create a new top income bracket for people making more than $2.5 million per year and to tax income above that level at a rate of 39.6 percent. By Andrew Duehren ...

President Donald Trump said he’s open to hiking taxes on wealthy Americans to help pay for Republicans’ sweeping tax and spending cuts package, but the idea remains hotly contested among GOP lawmakers ...

In this episode of Tax Notes Talk, Tax Notes contributing editor and historian Joseph J. Thorndike discusses President Trump’s referral to “the forgotten man” and how the phrase connects to a ...

Overall, the Big Beautiful Bill will harm poor Americans and raise the incomes of rich Americans—driving gains for the rich through cuts to marginal tax rates and the estate tax, along with tax breaks ...

Mundane as it is to invoke F. Scott Fitzgerald’s famous reflection that the rich are different, it is nevertheless important to note that he made the observation in times not unlike our own, when the ...

The GOP claims to be the party of the working class. Their budget, which House Republicans are rushing to vote on, says the opposite. There has been a lot of discussion recently about what New York ...

Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, take it with a grain of salt when House Minority Leader Hakeem Jeffries, D-N ...

The power imbalance between charities and the wealthy donors and foundations that support them leads to a lot of tongue-biting by the supplicants. And that leaves a relatively small group of people ...

There are three broad spirits in which American television portrays the rich: aspiration, judgment and reassurance. The aspirational spirit makes you want to have what they have, the judgmental spirit ...

Americans are feeling bleak about the economy. Yet, despite headwinds, high earners are still spending like mad — and credit card companies are offering more and more perks to attract them. But some ...