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The Forbes 400 are people (the 400 richest). You are thinking about the Fortune 100/500. We're on a site about tech startups, reading an article about tax avoi

by HWR_14 5y ago

The Forbes 400 are people (the 400 richest). You are thinking about the Fortune 100/500. We're on a site about tech startups, reading an article about tax avoidance by a tech startup and many people on the board are saying they want to do that tax avoidance. I don't think I have to worry that I cherry picked the type of company as a tech startup. > How many don't pay local property, income, unemployment, and other taxes? Well, we're only talking about the founders/investors paying taxes (cause this is referencing their capital gains). So, the founders wouldn't pay local property (in the low-income district they commute to) or unemployment taxes at all, and the vast majority of their income comes from capital gains, which this is avoiding, so yeah, they don't really pay that either.

ChrisLomont 5y ago
The tax breaks in question are not specific to your goal post moving subset of tech startups. The founder tax breaks are offered because they bring the benefits I mentioned to the areas specified in the tax breaks. Furthermore, you're replying to my comment that companies pay significant local taxes. So yes, if you ignore all other benefits companies bring to the region, ignore the purpose and benefits of those breaks, ignore the comment you're replying to, and ignore that most companies using these tax breaks don't fit your claims, then yes, you can be correct for goalpost moving post selected cherry picking. Congrats.