Me in 2005: "I'm going to start a startup." Me in 2005 had there been a 70% marginal tax rate on incomes over $10 million: "I'm going to start a startup."
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I almost forgot, when YC told us to incorporate in the US instead of in Canada, we walked away from some incredible tax incentives and credits. Worrying about taxes at such an early stage, we were told, was an unproductive use of a founder’s time.
That's certainly true. Do you understand why it is irrelevant though?
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It seems pretty relevant to the conversation about how tax rates affect motivations of risk-takers.
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Please explain.
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