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How do taxes play a role for a startup that defers profit for growth? Taxes won't be a factor until you've succeeded. Or is it that your experience with grants
by josho 10y ago
How do taxes play a role for a startup that defers profit for growth? Taxes won't be a factor until you've succeeded.
Or is it that your experience with grants are that negative that you value them so poorly?
- microcolonel 10y agoGrants are dangerous for society, because they encourage private businesses to cooperate with current-term politics, and they take money out of the market. Last year, our federal government gave nearly $400mm to one company expecting the creation of just 1300 jobs. There are federal tax incentives for any company that does essentially anything novel (SRED) and that somewhat works, since acceptance is only conditional on meeting the criteria. Grants are preferential.