Just thinking out loud here, but... Founders and inventors should have a lower tax rate on capital gains than investors. I'd love to stem the brain drain from inventive productive work to finance.
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Replying to @Molson_Hart
I think the R&D tax credit is supposed to try to get at this issue:https://www.alliantgroup.com/services/r-d-tax-credit-2/ …
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Replying to @caseyames
It treats all shareholders equally. It is extremely complicated!!!!!!!!!!!
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Replying to @Molson_Hart
Ya, something more aggressive towards innovation would be better
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Replying to @caseyames
I'll take it, but it sucks. You ever taken it? It's so hard to do that there are specialized consulting groups who fill out the paper work and earn a commission on the credit.
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Replying to @Molson_Hart
I will this year just because we hired consultants to create a specifically unique new product, so easy to track. My accountant said it should be pretty straightforward. But I've considered it in the past, but the payoff wasn't worth it before.
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Replying to @caseyames
It's weird, AFAIK, you get a big credit the first year you file it and then subsequently you get a credit for increasing your R&D spend. I've never done it. Seems like a big hassle, but as you said if you've outsourced the work, should be easy to calculate.
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Replying to @Molson_Hart
Ya, we'll see! I'll probably share something about it after I go through it.
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