Trump Proposes 39.6% Tax Rate for Top Earners Bitcoin Surges 100% to 100,000 Dollars Apple Develops Chips for Smart Glasses, AI Servers

Donald Trump has proposed a tax increase for individuals earning 250 million dollars or more annually. This move is part of a broader effort to address economic disparities and generate additional revenue for government initiatives. The proposal, if implemented, would significantly impact high-net-worth individuals and could reshape the tax landscape in the United States. Trump's proposal includes a new tax bracket of 39.6% for individuals earning at least 250 million dollars annually, or for couples earning 500 million dollars jointly. This is an increase from the current highest individual tax rate of 37%. The proposal also aims to eliminate tax benefits for venture capital and private equity fund managers, further tightening the tax regime for the wealthy.

Bitcoin has surged past the 100,000 dollar mark, marking a significant milestone for the cryptocurrency. This price increase reflects growing investor confidence and interest in digital assets, despite ongoing regulatory challenges and market volatility. The surge in Bitcoin's value underscores its potential as a store of value and a medium of exchange, further solidifying its position in the financial ecosystem. The rise in Bitcoin's price can be attributed to the easing of global trade tensions, which has boosted investor sentiment and driven demand for the cryptocurrency. This development highlights the growing acceptance of digital assets as a viable investment option and their potential to disrupt traditional financial systems.

In the technology sector, Apple is reportedly developing specialized chips for its upcoming products, including smart glasses and AI servers. This development aligns with the company's strategy to integrate advanced hardware and software solutions, enhancing the performance and capabilities of its products. The move is expected to strengthen Apple's competitive edge in the tech industry and drive innovation in wearable technology and artificial intelligence. Apple's silicon design team has made significant progress in developing chips for smart glasses, positioning the company to challenge competitors in the wearable tech market. Additionally, the team is working on AI server chips that will support Apple's AI platform, further advancing the company's capabilities in artificial intelligence.