Modeling a Wealth Tax: http://paulgraham.com/wtax.html
Show this thread
-
It's not as simple as that. There are many good founders outside CA who are already on the fence about moving there. When you're already on the fence it takes very little to tip you. Giving up half your company if you move, versus none if you stay, could easily be enough.
Incidentally, I'm not sure if you realize this, but Amazon is only in Washington because it has no sales tax.
-
-
Corporate taxes that have a direct impact on the ability to run a profitable business (a state tax on online sales vis a vis Amazon being a great example) are quite different from personal wealth taxes.
-
The personal wealth can and is often used to found new companies and would be a factor in the decision.
End of conversation
New conversation -
-
-
WA does have sales tax (I’m here right now, OR doesn’t). IIRC the Amazon tax reason for going to WA was that they didn’t require collecting it from out of state purchasers
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Fact check: WA has a sales tax.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
WA state has no *income* tax, though scarcely a year passes that our leaders doesn’t try to “fix” that. Current governor has repeatedly floated the idea, tho the math to justify it leaves out any consideration of second order effects
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.