Chris Dixon on Venture Capital Tax Rates
I just discovered Chris Dixon's blog this morning, and I have to say I am impressed. In the post linked below, he expresses the opinion that Money Managers and Venture Capitalists should pay the same tax rate as anyone else -something a bill that recently went through Congress was trying to correct. http://cdixon.org/2010/06/01/money-managers-should-pay-the-same-tax-rates-as-everyone-else/ This is a view I have not seen expressed very often - especially by someone involved in the venture capital community. He points out that the argument that this will help "small business" is complete nonsense. It is simply another tax break designed to help fat cat "investors" get even more rich. Unfortunately, our government fell for this "small business" line still again so this tax break for billionaires will apparently remain in place. I have been looking, but I still haven't seen anything creative, innovative or even effective policies coming from our government that can actually help small business. In fact, I am not even sure that they even know what a real small business or a true start-up company is. Hopefully there are people in our government who will eventually listen to voices of reason like Chris Dixon.
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