As a startup CEO, I don't really care about income taxes. Most tech startups get acquired or fail before profitability. I care about personal capital gains tax. Give me a personal capital gains tax exemption and I'm in. I love Hudson.
>As a startup CEO, I don't really care about income taxes. Most tech startups get acquired or fail before profitability. I care about personal capital gains tax. Give me a personal capital gains tax exemption and I'm in. I love Hudson.
only if you are rich enough that you don't have to pay yourself.
The rest of us have gotta pay income taxes on all the money we take out to live on until we sell out. Really, it doesn't matter if that money comes from revenue, if you are bootstrapping like I am, or from investors, if you are funded. You've gotta pay income taxes on the money you take out.
Personally? I'd rather have higher capital gains than income taxes. I've gotta pay income taxes while I'm poor; I won't have to pay capital gains until I sell the company, and at that point, hopefully, I'll be rich and have a much lower marginal value for each additional dollar.
I didn't get the impression that this tax break was on personal income tax, but corporate income tax. So you would only get a corporate income tax break if your company has a profit.
I was recently in the situation where I had to pay a ton of capital gains tax on an acquisition, even though my company never really had a profit, and therefore paid no corporate income tax.
But I agree. Not having to pay personal income tax would be sweet. You need to go to NH or TX for that.
