Keyword: millionaires

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  • GOP Candidates Inflexibility On Tax Increases Shows They Are Out Of Touch With Americans

    08/12/2011 11:07:25 AM PDT · by Oldeconomybuyer · 40 replies
    ABC News ^ | August 12, 2011 | by Mary Bruce
    Reacting to last night’s GOP presidential debate, the White House said today that the 2012 candidates proved themselves to be out of touch with Americans by saying they would refuse to accept tax increases as part of a debt deal. In Ames, Iowa last night the candidates were asked if they would refuse to accept a budget deal with a 10-to-1 ratio of spending cuts to tax increases. All eight presidential contenders raised their hands. “That’s clearly not where the American people are,” Principal Deputy Press Secretary Josh Earnest told reporters today. “That basically puts these candidates in a position...
  • Millionaires Don't Pay Taxes? 1,470 of America's Richest Didn't, According to IRS

    08/11/2011 10:28:50 PM PDT · by americanophile · 51 replies
    L.A. Weekly ^ | Aug. 8 2011 | Dennis Romero
    Southern California has more millionaires than just about anywhere else in the nation, with L.A. coming in at No. 1, Orange County at No. 4, and San Diego ranking No. 6 in cities with the most seven-figure-plus households in 2008. So maybe we should feel a little guilty, especially as President Obama and the GOP are headed toward draconian federal cuts, the United States' credit rating is down a notch, and the stock market is diving like a conservative congressman in a bathroom stall. Because many millionaires and billionaires, it was revealed today, don't pay taxes like you and me:...
  • Can Everyone Become a Billionaire?

    07/23/2011 7:17:40 AM PDT · by Kaslin · 30 replies
    Townhall.com ^ | July 23, 2011 | John C. Goodman
    I'm going to tell you something that Barack Obama doesn't understand. And because he doesn't understand it, our country is wasting hundreds of millions of dollars at a time when we cannot afford to waste hundreds of millions of dollars. Time and again President Obama has told us how he intends to solve our health care problems: spend money on pilot programs and other experiments; find out what works and then go copy it. He's also repeatedly said the same thing about education. The only difference: in education we've already been following this approach with no success for 25 years....
  • Reclusive copper heiress leaves $38 million to nurse

    06/23/2011 1:48:16 PM PDT · by Responsibility2nd · 40 replies
    Yahoo ^ | 06/23/2011 | By Liz Goodwin
    A reclusive copper heiress who spent the past decades living in New York City hospitals has left most of her $400 million fortune to charity--and a nurse who was randomly assigned to care for her 20 years ago. The New York Post reports that Huguette Clark did not leave a penny to her family members. The lion's share of her fortune will go to a foundation to promote the arts. She left the biggest chunk of the remaining inheritance--a testament worth about $38 million--to her private nurse, Hadassah Peri. She also left Peri her collection of dolls and dollhouses, which...
  • “Patriotic Millionaires” to Congress: Hurry up and tax us already, please

    06/08/2011 4:44:34 AM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 06/07/2011 | Allahpundit
    A palate cleanser via the Daily Caller dedicated to a very special man who’s still not worried that we’re headed for a double-dip recession. Anytime we write about the “raise my taxes!” crowd I feel obliged to remind them that they’re perfectly entitled to raise their own taxes whenever they like. Here’s the link; every dollar that goes towards paying down the national debt means a little extra tax revenue isn’t going towards interest payments and can therefore be applied elsewhere.Give generously, kids, because guess what? The government added $5.3 trillion in new financial obligations in 2010, largely for retirement...
  • How to un-make a millionaire: first, move to California…

    06/02/2011 5:11:27 PM PDT · by landsbaum · 1 replies
    Say you made a million dollars a year. Congratulations. You made yourself a millionaire. It’s yours. Well, not so fast… How could you un-make yourself a millionaire?
  • Thomas Sowell: Slaves to Words. “Millionaires” aren’t the source of our troubles.

    05/17/2011 7:02:11 AM PDT · by SeekAndFind · 10 replies
    National Review ^ | 05/17/2011 | Thomas Sowell
    We could definitely use another Abraham Lincoln to emancipate us all from being slaves to words. In the midst of a historic financial crisis of unprecedented government spending, with a national debt that outstrips even the debt accumulated by the reckless government spending of the previous administration, we are still enthralled by words and ignoring realities. President Obama’s constant talk about “millionaires and billionaires” needing to pay higher taxes would be a bad joke if the consequences were not so serious. Even if the income-tax rate were raised to 100 percent on millionaires and billionaires, it would still not cover...
  • Despite hard times, more millionaires

    05/13/2011 5:33:10 PM PDT · by SeekAndFind · 11 replies
    PhillyBurbs,com ^ | 05/12/2011 | Dr. Mark W. Hendrickson, Grove City College
    Recently, CNN's Money.com posted an article bearing the title, "U.S. Millionaires Population Expanded by 8 Percent in 2010." According to the article, there are now approximately 8.4 million millionaires in the United States, and last year's increase was due primarily to rising stock prices, following a 27-percent decline in the number of millionaires in 2008 due to the stock market's plunge that year. What is one to make of this information? There were only a few thousand millionaires in the United States in 1900. One would expect there to be many more today with the enormous economic growth of the...
  • So, Donald Trump, Now That Obama Has Released His Birth Certificate, Release Your Tax Returns

    04/27/2011 7:32:06 AM PDT · by SeekAndFind · 77 replies
    Business Insider ^ | 04/27/2011 | Henry Blodget
    A week ago, Donald Trump said he would release his own tax returns when Obama released his birth certificate. Well, now Obama has released his birth certificate. So, Mr. Trump, when can we see your tax returns?
  • Tax Me, I'm Rich, Says Deep-Pocketed Group of Millionaires Demanding Higher Taxes

    (SUCH MANIPULATION!..ANYBODY THAT WANTS TO, CAN PAY AS MUCH TAX AS THEY WANT TO THE GOVERNMENT....this is mindgame propaganda and I especially love the strategic "criticism" of Obama....contrived! how transparent can you be!) abcnews.com By ALAN FARNHAM April 12, 2011 Patriotic Millionaires for Fiscal Strength--rich guys in favor of raising taxes on themselves and other wealthy people--say they are irritated over President Obama's failure to do just that. Nor do they believe his latest announcement that he intends to try again, says Erica Payne, founder of the Agenda project and coordinator of the Patriotic Millionaires campaign. The president, when a...
  • 'Patriotic Millionaires' Ask to Be Taxed More

    04/13/2011 9:46:06 AM PDT · by SeekAndFind · 64 replies
    National Journal ^ | 04/13/2011 | Ben Terris
    If President Obama's deficit-reduction speech today includes a call to end the Bush-era tax cuts for the wealthiest Americans, there will surely be pushback; Republicans have already begun a preemptive attack on raising taxes. One group of millionaires, however, is saying that they are more than willing to pay more for the good of their country. The “Patriotic Millionaires” penned a letter to Obama, Senate Majority Leader Harry Reid, and House Speaker John Boehner, urging them to “increase taxes on incomes over $1,000,000.” The Millionaires—a group that includes producer and director Doug Liman, actress Edie Falco, the founder of Ask.com,...
  • There Aren’t Enough Millionaires. The rich can’t fund our deficits

    03/14/2011 7:03:39 AM PDT · by SeekAndFind · 15 replies · 1+ views
    National Review ^ | 03/14/2011 | Kevin D. WIlliamson
    This may sound like a liberal parody of conservative economic thinking, but let me put it out there: America’s problem is that the rich don’t have enough money. There, I said it. Let’s rumble. When it comes to the Scrooge McDuck set, the problem isn’t that they’re not rich enough, it’s that there aren’t enough rich — not enough to do what liberals want to do, anyway, which is to balance the budget by increasing taxes on them. Let’s deploy some always-suspect English-major math: There are lots of liberal definitions of “rich.” When Pres. Barack Obama talks about the rich,...
  • Wealthier Than Thou (How about a tax on pious, sanctimonious multi-millionaires?)

    01/07/2011 6:24:17 AM PST · by SeekAndFind · 14 replies
    Weekly Standard ^ | 01/07/2011 | Stephen Hayes
    During the final two months of 2010, the United States enjoyed what was perhaps the most sustained public discussion of debt and deficits in a generation. Erskine Bowles and Alan Simpson, the co-chairs of President Obama’s National Commission on Fiscal Responsibility and Reform, released their provocative report. Former Clinton administration budget director Alice Rivlin and noted Republican deficit hawk Paul Ryan put out a comprehensive debt reduction proposal. Mitch Daniels, governor of Indiana and a potential 2012 Republican presidential candidate, offered specific proposals to reform the entitlements that are most responsible for driving the country deep into the red. My...
  • Millionaires to Obama: Tax us (reverse peristalsis alert)

    11/19/2010 12:50:30 PM PST · by chickadee · 49 replies · 1+ views
    Yahoo ^ | 11-19-10 | Rachel Rose Hartman
    Anti-tax activists everywhere have been loudly arguing for an extension of George W. Bush-era tax cuts for the wealthiest Americans in the United States. Now a group of millionaires is arguing the opposite. More than 40 of the nation's millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports. "For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as...
  • Europe, a place fit for politically correct millionaires?

    10/01/2010 11:17:24 AM PDT · by WesternCulture · 3 replies
    10/01/2010 | WesternCultue
    According to numerous media sources and several highly esteemed philantropic organizations all over the World, Europe, Canada, NYC, LA, certain corners of South East Asia and Australia boast the best surroundings for eco-friendly prosperity and success found on this planet. Especially Europe does. If we are to trust the experts in this field, conditions for successful human life are better in Scandinavia and Central Europe than anywhere else on Earth. Being Scandinavian, I won't deny I enjoy reading about how foreigners praise my corner of the World and talk of our our nations as an enviable place in which to...
  • 7 Millionaire Myths

    08/15/2010 2:55:20 PM PDT · by prisoner6 · 55 replies
    finance.yahoo.com ^ | August 15, 2010 | Claire Bradley
    We all have are preconceptions about millionaires: they're tax evaders who just inherited their money from rich Aunt Flo, and they hang around the golf course all day with their snobby, elitist friends. So what's the average millionaire really like? Here are seven millionaire myths, and the real facts about the ones who seem to have it all.
  • Al Gore’s Net Worth Jumps From $2 Million in 2000 to $100 Million in 2008

    So what has Al Gore gained from his Big Green escapades? >>According to public disclosure information, Gore was worth somewhere between $1 million and $2 million in 2000. Not quite eight years later, Gore is estimated to be worth somewhere in the neighborhood of $100 million. While I ordinarily would applaud such financial gains from such a short period of time, I can’t help but to question just how it happened. When you look out at what Al Gore has done, it’s evident that he figured out on a way to capitalize on the creation of Big Green while becoming...
  • (Top 10)Countries with the Most Millionaires

    06/21/2010 8:09:38 AM PDT · by greatdefender · 4 replies
    Business Week via Yahoo! ^ | June 20, 2010 | Venessa Wong
    As the financial markets rebounded in 2009 and developing markets continued to grow, lost wealth around the world returned. Despite the volatile global economy, many households gained or regained millionaire status last year, according to a new report by the Boston Consulting Group. The study finds global wealth increased 11.5 percent in 2009, to $111.5 trillion, just short of 2007 levels. When measuring assets under management -- cash deposits, money market funds, listed securities, and onshore and offshore assets, but not wealth attributed to investors' own businesses, residences, or luxury goods -- the U.S. continued to lead with more than...
  • Sarah Palin's Earnings Over 9 Months Estimated at $12 Million

    04/13/2010 6:47:06 PM PDT · by pissant · 63 replies · 1,758+ views
    CBS ^ | 4/13/10 | Brian Montopoli
    Former Alaska governor has earned roughly $12 million since stepping down from her job as Alaska governor at the end of July, according to a "conservative estimate" on the part of ABC News. Palin had been making $125,000 per year as Alaska's governor. The controversial 2008 Republican vice presidential nominee was reportedly paid $7 million for her book "Going Rogue," mostly after she stepped down. She is said to be getting $250,000 per episode for her television series on the Learning Channel and charge up to $100,000 deliver a speech, which she does regularly. ABC News writes that Palin's earnings...
  • Sarah Palin Has Earned an Estimated $12 Million Since July

    04/13/2010 7:45:31 AM PDT · by Zakeet · 120 replies · 2,712+ views
    ABC News ^ | April 13, 2010 | Matthew Mosk
    Pundits can debate the political costs and benefits of Sarah Palin's decision to step down as Alaska governor, but the monetary advantages of leaving her $125,000-a-year public service post are beyond dispute. Since leaving office at the end of July 2009, the 2008 Republican vice presidential nominee has brought in at least 100 times her old salary – a haul now estimated at more than $12 million -- through television and book deals and a heavy schedule of speaking appearances worth five and six figures. That conservative estimate is based on publicly available records and news accounts. The actual number...