3 ms·
I don't see how that follows. A salaried person has to bootstrap a company using income-taxed money, whereas a business person can engage in creative accountin
by roncesvalles 2y ago
I don't see how that follows.
A salaried person has to bootstrap a company using income-taxed money, whereas a business person can engage in creative accounting whereby an existing business can invest in a new business practically tax free.
If your average income tax is 35%, you're paying a ~50% premium to acquire the same assets as someone who rolls over money from business to business. This includes real estate and everything else.