3 ms·
1. That 55% doesn't go in the trash bin, it goes to pay the schools your children will attend, the hospitals your family might need, the streets you use to comm
by pietrovismara 5y ago
1. That 55% doesn't go in the trash bin, it goes to pay the schools your children will attend, the hospitals your family might need, the streets you use to commute etc.
2. It's insane for individuals to give up equity just to avoid 55% taxes. They are doing themselves out of 45% rather than winning 90%.
- andy_ppp 5y agoPeople will find ways around the 55%, I don’t see all the European founders at YC giving away 55% of their companies so there are loopholes, might as well just be straight forward about a fair taxation rate. 55% of a company is too much.