The Rich | featured news

Here’s some good news for Marylanders: We’re rich! Well, not all of us. Certainly not the blogger currently disseminating this information. But a lot of us are rich. Very rich. So rich that, get this: Maryland, for the first time, now has more millionaires per total households than any other state in the country.

Stand down, Zuccotti protesters, the banks have heard your calls for reform and are yielding to your demands. The majority of the country has been enveloped in financial turmoil, and one of the big banks is finally taking steps to institute change: Wells Fargo is creating a boutique bank for the super rich.

The IRS says 1,470 millionaires paid no federal income taxes in 2009.

As Monday's tax filing deadline nears, ponder this: The super rich pay a lot less taxes than they did a couple of decades ago, and nearly half of U.S. households pay no income taxes at all.

A former Swiss banker on Monday supplied documents to WikiLeaks that he alleges detail attempts by wealthy business leaders and lawmakers to evade tax payments.

In an abrupt reversal, Britain’s chancellor said Monday that the government would no longer pay child benefits to middle-income and high-earning families.

The rich feel the pain of the recession, too. Sort of. On paper, Augustine Fou would seem to have little to fear. He and his wife earn around $400,000 a year. He has a solid marketing job and a doctorate from the Massachusetts Institute of Technology.