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I can run my business on about 20K a year if I'm frugal. It's another 'laptop' type business and while I can make use of capital to build value, that's not the
by Applejinx 10y ago
I can run my business on about 20K a year if I'm frugal. It's another 'laptop' type business and while I can make use of capital to build value, that's not the core business.
I would absolutely accept a 100% marginal tax rate on over 100K a year and be happy about it. I live in an area with extremely low cost of living compared to NYC or SV, and I can build mindshare and interact with extremely happy, encouraging customers and become authoritative in my field with or without raw capital.
Put it this way. I have personal friends who were names on the back of vinyl record albums when I was a kid. On the whole, they are not over 100k a year either, and some of the things they love and cherish most are not (to them) core businesses earning over 100k a year.
If you don't figure you can be happy and fulfilled without millions and billions of dollars, you're doing something wrong. I have no problem with overruling your opinion here, and saying 'you have it wrong, and if you don't understand marginal taxation you're not entitled to opinions about it, still less to scaremonger people over it'.