Startups are America’s job engine, so give workers tax credits
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Re: Startups are America’s job engine, so give workers tax credits
#2I still think $6000 is a large amount in some sense for someone just getting started.
I would much rather see this along with a flat tax. The recent discussion on here about USFacts.org highlighted that revenue was growing in proportion to population. What someone had said is that it makes the case for a much simpler tax system. We spend 6 billion man hours a year on taxes in the US. Is that really the best use of our time?
Re: Startups are America’s job engine, so give workers tax credits
#3Makes more sense to cut corporate taxes.
Re: Startups are America’s job engine, so give workers tax credits
#4What differentiates a startup from a normal business? A standup desk?
Re: Startups are America’s job engine, so give workers tax credits
#5What differentiates a startup from a normal business? A standup desk?
Ping pong tables. You just need one ping pong table and a billion dollar market and you are good to go!
Re: Startups are America’s job engine, so give workers tax credits
#6Canada has a refundable tax credit that many startups take advantage of, known as SR&ED.
https://en.wikipedia.org/wiki/Scientific_Research_and_Experi...
The one caveat is that you have to spend money (and keep good books) in order to be eligible for the tax credit.
Re: Startups are America’s job engine, so give workers tax credits
#7Whereas $6000 is a nice (modest) incentive, the lack of universal health care is the greatest barrier to entrepreneurship.
Especially for parents (and wannabe parents).
Re: Startups are America’s job engine, so give workers tax credits
#8Whereas $6000 is a nice (modest) incentive, the lack of universal health care is the greatest barrier to entrepreneurship. Especially for parents (and wannabe parents).
This is an excellent point and a powerful pro-market, entrepreneurial argument that's pro-small business. When you're a business of one, or even a small handful of people, private insurance is painful and costly. And wouldn't that essential operating expense be better spent expanding the business?
Re: Startups are America’s job engine, so give workers tax credits
#9Whereas $6000 is a nice (modest) incentive, the lack of universal health care is the greatest barrier to entrepreneurship. Especially for parents (and wannabe parents).
If that were the greatest barrier, wouldn't nations with universal health care see higher rates of entrepreneurship? I don't have numbers, but at least anecdotally it doesn't seem to be the case. Is the U.K. startup culture particularly impressive?
Re: Startups are America’s job engine, so give workers tax credits
#10This is just EITC expansion / very low "basic income". There's nothing about "for startups" here, except that "poor founders on ramen noodles would benefit". Note also that "start-up" in the original study means "firms [less than a year old]".