Silicon Valley Is Cashing Its Check After Backing Trump

This Living cost increases, Wages for employees are stagnantAnd people are looking for a break. Silicone valley gets one instead. According to BloombergA little-known tax benefit known as a qualified Small Business Foundation (CSBS), which has become a favorite cornice part of TECH STARTUPs, can expand within the Senate’s spending bill and can invest more than $ 17 billion with the razet of silicone valley.

The CSBS provision is a tax concession that is applied to the reserve of qualified small enterprises such as certain technological beginnings. The rule tells the shareholders to share part of shareholders or all the capitals, otherwise they have to pay for this sale. Features are a bit complicated, but currently, early-stage investors are set up to allow them to benefit if they look at their shares within five years.

Bloomberg’s rule will significantly expand the proposed changes, benefit. The so-called “a great beautiful bill” will allow investors to come later, enter the cash and still hit a beautiful part of free income.

According to for information From the Treasury Department, About 33,000 people claimed that the CHSB benefits in the last ten years. In 2021, it was $ 51 billion, a record year. It should be noted that 90% of the Treasury and 90% of the CSB will not pay more than a large time, no more than 90% of the average person to hand over to the federal government.

Department of Treasury Projects The provision of the USS will amount to about $ 44.6 billion from taxation by 2025-2030. Information given by the Congress Joint Committee on Taxes.

According to the guardianSilicon Valley leaders and employees spilled about $ 394 million in Donald Trump’s 2024 election campaign. Thus, $ 17.2 billion tax intervals are undoubtedly worth spending. It comes with 50.265% investment! For what valuable, democratic deputies proposed In 2021, the CSB returns to reduce the amount of income that can be removed from one half in 2021. Instead, it is rich.