tldrdailynews.com logo
Tag

Millionaires

All articles tagged with #millionaires

Stocks push global millionaire count to 25 million, widening the wealth gap
business1 month ago

Stocks push global millionaire count to 25 million, widening the wealth gap

Global millionaires grew 7.9% to 25.3 million in 2025 as stock markets rallied, with total wealth rising 8.7% to $98.3 trillion; UHNWIs (≥$30 million) expanded 9.4% to 250,000 and now hold 35% of all millionaire wealth, widening the gap. The US added 730,000 new millionaires to 8.73 million, Asia posted strong gains, and investors shifted toward equities and diversified advisory models, signaling a changing wealth-management landscape.

via CNBC|
#business#capgemini-world-wealth-report#millionaires
Washington lawmakers inch toward 9.9% tax on top earners as deadline nears
politics4 months ago

Washington lawmakers inch toward 9.9% tax on top earners as deadline nears

Legislative leaders in Olympia moved overnight toward a vote on a proposed 9.9% income tax on income above $1 million, set to take effect in 2029. Supporters, including Gov. Ferguson, say the revenue would fund families and small-business programs, while Republicans push amendments such as a charitable deduction. Critics warn the plan could violate the state constitution and invite court challenges, with opponents weighing a citizen initiative to repeal if it passes. If approved by the House, the bill would go to the Senate and then Ferguson for signature.

via KOMO|
#income-tax#legislature#millionaires
Washington Millionaire Backs Wealth Tax for Top Earners
business4 months ago

Washington Millionaire Backs Wealth Tax for Top Earners

A 70-year-old Washington retiree, Victoria Hattersley, advocates a 9.9% tax on income over $1 million, proposed to take effect in 2028 with first payments in 2029. In an as-told-to interview, she describes rising from modest means to wealth through a pharma career and stock options, rejects the bootstrap myth, and argues that excessive inequality harms society and that the wealthy should pay their fair share to fund healthcare, daycare, and other public goods. She notes the plan would affect less than 1% of residents and could bolster small businesses and social programs while reducing societal and cultural instability caused by inequality.

via Business Insider|
#business#millionaires#progressive-tax
"Rising Trend: Americans Seek Second Passports and Residency in Wealthy Sun Belt Cities and Abroad"
businesseconomics2 years ago

"Rising Trend: Americans Seek Second Passports and Residency in Wealthy Sun Belt Cities and Abroad"

According to a recent report by Henley & Partners, Austin, Texas, has seen the highest growth rate of millionaire residents in the US over the past decade, followed by Scottsdale, Arizona, and Palm Beach/West Palm Beach, Florida. While traditional hubs like New York and Los Angeles have experienced modest declines in millionaire populations, cities such as Austin, Miami, and Scottsdale are gaining residents, indicating a shift in wealth distribution within the country.

via New York Post |
#businesseconomics#millionaires#population-growth
"Rising Trend: Wealthy Americans Seek Second Residences and Citizenship Abroad"
business2 years ago

"Rising Trend: Wealthy Americans Seek Second Residences and Citizenship Abroad"

The US is experiencing a "millionaire remix" as cities like Austin, Scottsdale, and West Palm Beach draw in large numbers of millionaires, with Austin's millionaire population more than doubling over the past decade. The Bay Area in California saw an 82% growth in its millionaire population, reaching about 306,000, despite concerns about crime and homelessness in San Francisco. The report by Henley & Partners also noted the impact of immigrant influx and skilled migrant talent on the growing number of millionaires in the US.

via Business Insider|
#business#migration-patterns#millionaires