“I have never heard someone say, ‘I would have started a company, but tax rates were too high.’” https://twitter.com/andymoonsun/status/917451472220114950 …
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CA has the most progressive income taxation of any state in the country. We produce the biggest cos: https://www.bloomberg.com/view/articles/2017-05-10/california-leads-u-s-economy-away-from-trump …
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Yes but the federal tax burden is even greater. Founders obsess about the tax treatment of their stock, even delaying term sheets to arrange
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Same calculation, I just have proof on this as the negotiation arises frequently. Founders negotiate their low tax treatment at founding.
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much of wealth mgmt industry, big chunks of law+accounting are devoted to minimizing tax. founders listen but everyone knows it's post hoc
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