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By Staff Reporters
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BILLIONAIRE TAX: President Biden is introducing a “Billionaire Minimum Income Tax” as part of his 2023 budget. It’s the first time Biden has directly called for a wealth tax. The proposal would require US households worth more than $100 million to pay at least 20% in tax on their income. Controversially, this covers both traditional income and unrealized gains on investments—which are how billionaires manage to minimize their tax obligations in the first place. In the current system, you only pay capital gains tax once an asset is sold.
TECHNOLOGY STOCK UPDATES:
Waymo said it’s ready to go driverless in San Francisco, but didn’t say if it has the proper permits yet.
Softbank is seeking a $60 billion valuation for Arm’s IPO, after Nvidia’s deal to buy the company for $40 billion was opposed by competition authorities in the US and UK.
Apple is working on a subscription service for hardware, including the iPhone.
The EU agreed to a comprehensive set of antitrust regulations called the Digital Markets Act. The rules, which have not yet passed, are aimed at reining in Big Tech.
The UK wants to build 300,000 EV charging stations by 2030.
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Filed under: Alerts Sign-Up, Investing | Tagged: Apple, “Billionaire Minimum Income Tax”, billionaire tax, SoftBank, Waymo |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Thanks, for your blog.
President Biden is introducing a “Billionaire” Minimum Income Tax.
It’s good for us.
Valiant Markets
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