4 ms·
One other reason is that taxation of income gets extremly high (60 %) when the salary rises above ~$7000/month. This makes people feel that it is impossible to
by cambaceres 8y ago
One other reason is that taxation of income gets extremly high (60 %) when the salary rises above ~$7000/month. This makes people feel that it is impossible to get rich by working for someone else in Sweden, which in turn pushes productive people into startups.
- repolfx 8y agoThat could only apply to founders who can sell parts of their company, surely. Employee number 1 would still face the same tax ceiling, and you need employees to build a company. The ratio of founders:employees will still be tiny even in Sweden.
- cambaceres 8y agoNo, since stock are offered to early emplyees, which are taxed way lower.