Re:SF’s Housing Crisis Explained
by saalweachter on Tuesday April 15, 2014 @12:23PM
(#7592720)
The top tax rates also do not serve as a disincentive to all types of investment and entrepreneurship.
For instance, consider Mark Zuckerberg. By and large, Mr. Zuckerberg will owe his taxes when he decides to cash out. But why should he cash out? An entrepreneur can build a multi-billion-dollar company up from nothing, earn a comfortable salary doing it, and as long as he is reinvesting all of the business's profits and not cashing out, not pay significant taxes!
For instance, consider Mark Zuckerberg. By and large, Mr. Zuckerberg will owe his taxes when he decides to cash out. But why should he cash out? An entrepreneur can build a multi-billion-dollar company up from nothing, earn a comfortable salary doing it, and as long as he is reinvesting all of the business's profits and not cashing out, not pay significant taxes!