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Yeah, I'm a bit surprised that startups that haven't been able to get recent angel funding in CA haven't moved to MA just for this reason. (Again, all else bei
by sachinag 18y ago
Yeah, I'm a bit surprised that startups that haven't been able to get recent angel funding in CA haven't moved to MA just for this reason. (Again, all else being equal, no family restrictions, etc.)
- ams6110 18y agoAll else is not equal, they don't call it "Taxachussets" for nothing.
- kgrin 18y agoActually, I think they do... at least, comparing personal income tax rates (the factor most likely to matter to a new startup), MA does reasonably well: a flat 5.3%, as compared to CA's 1-9% (with the highest rate kicking in around $50K or so). Obviously personal income tax isn't the only one in town, but it's not significantly worse in MA than elsewhere. Source: http://www.taxadmin.org/fta/rate/ind_inc.html http://www.taxadmin.org/fta/rate/ind_inc.html