Silicon Valley’s Vast Wealth Disparity Deepens as Poverty Increases

Barry Holtzclaw — Fri, 17 Feb 2023 19:45:21 +0000

One of the world’s richest regions has some of its starkest divides, with its top 10% of households holding two-thirds of its wealth, according to a new study of Santa Clara and San Mateo counties.

The post Silicon Valley’s Vast Wealth Disparity Deepens as Poverty Increases appeared first on San Jose Inside.

How Silicon Valley Moguls Save Millions in Taxes by Skirting a Century-Old Law

Barry Holtzclaw — Tue, 14 Feb 2023 00:34:20 +0000

Congress outlawed tax deductions on “wash sales” in 1921, but Goldman Sachs and others have helped billionaires like Silicon Valley's Mark Zuckerberg, Brian Acton and Dustin Moskovitz see huge tax savings by selling stocks for a loss and then replacing them with nearly identical investments.

The post How Silicon Valley Moguls Save Millions in Taxes by Skirting a Century-Old Law appeared first on San Jose Inside.

billionaires – San Jose Inside

Silicon Valley’s Vast Wealth Disparity Deepens as Poverty Increases

How Silicon Valley Moguls Save Millions in Taxes by Skirting a Century-Old Law