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Fortunately, VCs weren't doing that with taxpayer's money.
by userbinator 1y ago
Fortunately, VCs weren't doing that with taxpayer's money.
- a_bonobo 1y agoGiven that the highest-earning income tax bracket's tax rate in the US fell from ~70% to 37% since the 70s, one could argue that VC money used to be taxpayer's money. Nice visualisation here: https://www.fidelity.com/learning-center/personal-finance/history-us-income-tax https://www.fidelity.com/learning-center/personal-finance/hi...
- anovikov 1y agoNot really. That might pertain to angels but not to VCs. They don't operate with private (individual)owned, post-tax dollars. They are businesses and operate with pre-tax, business money, not even theirs - but bank loans.