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Our country is just shy of $20 trillion in debt because investors spend their cash on startups like mine and expect the government to write it off on their taxe
by bunkydoo 10y ago
Our country is just shy of $20 trillion in debt because investors spend their cash on startups like mine and expect the government to write it off on their taxes when it fails.
- bhickey 10y ago> because While it's reasonable to bring up issues of moral hazard, blaming the national debt on startups has no relationship with reality.
- hellogoodbyeeee 10y agoI don't think you understand how tax write offs work. A $1 million loss in investments does not equal a tax bill $1 million less. At most it only means only paying $150k less in taxes (based on 15% capital gains tax). This only off sets other capital gain taxes.