The couple's 2010 filing presents a rare glimpse into how the ultrawealthy can use the tax code to their benefit, and offers important lessons for others. ❋ Laura Saunders (2012)
The invitation, sent to potential new participants, offers a rare peek at the Koch network of the ultrawealthy and the politically well-connected, its far-reaching agenda to enlist ordinary Americans to its cause, and its desire for the utmost secrecy. ❋ The Huffington Post News Editors (2010)
The focus on the ultrawealthy is similar to that being pursued by cross-town rival UBS AG. ❋ Deborah Ball (2011)
The net worth of North America's ultrawealthy totaled $13 trillion, an increase of 15% from 2009. ❋ Unknown (2011)
If San Francisco decides that it doesn't want to grow, it's going to follow the path of smaller boutique cities like Boulder, Colo., and become so expensive that only the ultrawealthy can live in the city. ❋ Cari Tuna (2011)
It has nothing to do with the push for "supply-side" policies for the past 30 years, with wealth "gushing up" to the ultrawealthy while the middle class went belly up? ❋ Unknown (2012)
They did better, for example, than fourth-graders at the ultrawealthy suburban Cincinnati school district of Indian Hill, which had an average family income of $278,432 in 2008, according to tax records, and perpetually ranks near the top in both income and academic performance in Ohio. ❋ Unknown (2011)
The new generation of the ultrawealthy includes a Swiss medical-device tycoon and a California surfer who netted $60 million from the sale of his clothing company. ❋ Robert Frank (2011)
Class warfare is not doggedly pursuing laws and policies that eliminate the middle class and create a superclass of poor under a miniature, ultrawealthy plutocracy. ❋ Unknown (2010)
Many very wealthy people spend much more extravagantly, but even so, "most of our ultrawealthy clients have a lifestyle that is well below their means," says Craig Rawlins , president of Harris myCFO Investment Advisory Services, which serves wealthy families. ❋ Karen Blumenthal (2011)
Instead, it will invest more in the booming market of serving products and services to the ultrawealthy in emerging markets, in particular by offering more investment banking opportunities, such as access to initial public offerings or private equity investment. ❋ Deborah Ball (2011)
What's more, the tax rate on gifts above those amounts fell to 35% from a scheduled 55%, a boon to ultrawealthy people who want to give away even more money. ❋ Anne Tergesen (2011)
UBS, Switzerland's largest bank by assets, will cut risk-weighted assets at its struggling investment bank by half over the next five years, eliminate about 2,000 jobs at the division, and reorganize it to serve up more products and services to ultrawealthy clients at the private bank. ❋ Deborah Ball (2011)
