Marketwatch (September 20)
“The number of millionaires in the world is set to nearly double by 2026, despite rising interest rates, looming recession fears and a recent plunge in net worth for some of the world’s wealthiest people.” All told, the number of millionaires “is expected to jump 40% and reach 87.5 million over the next five years.”
Tags: 2026, 87.5 million, Double, Fears, Interest rates, Millionaires, Net worth, Plunge, Recession, Wealthiest, World
New York Times (February 1, 2012)
If implemented, a Buffet Rule that requires “million-dollar earners to pay at least 30 percent of their income in taxes” would lift the tax rates of about 94,500 millionaires and bring in an additional $50 billion. The New York Times calls the Buffet Rule a good start “toward making the rich pay a fairer share and reduce the mounting cuts to government programs that benefit the less fortunate.”
If implemented, a Buffet Rule that requires “million-dollar earners to pay at least 30 percent of their income in taxes” would lift the tax rates of about 94,500 millionaires and bring in an additional $50 billion. The New York Times calls the Buffet Rule a good start “toward making the rich pay a fairer share and reduce the mounting cuts to government programs that benefit the less fortunate.”
Tags: Buffet rule, Government, Millionaires, Taxes, U.S.
Bloomberg (June 23)
Worldwide there are 10 million millionaires. For the first time, Asia and Europe boast the same number of millionaires, about 3 million each. North America has slightly more with 3.1 million. Going forward, Bloomberg reports that wealth in Asia ex Japan “will rise at almost double the global pace.”
Tags: Asia, Millionaires, Wealth