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Technology Stocks : A Bob Brinker Fan and Critic Club
QQQ 626.65+1.0%Jan 9 4:00 PM EST
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To: Investor2 who wrote (81)1/23/2013 9:29:52 AM
From: Kirk © of 123
 
I agree.

But think of all that Facebook IPO money that would have escaped the higher tax rate... except I read start-ups get some sort of 50% break on capital gains so they only paid 4.5% (or 6.15% with the higher rates? Then I read somewhere that this lower capital gains rate might go away or they eliminated it. I was not even aware of the discounted tax rate for startups but the VCs were pretty powerful backing O and others in exchange for tax breaks and government loans on Solyndra, etc... I sure hope the new changes to CA taxes doesn't kill the golden goose and drive silicon valley start-ups to other states.

I know a lot of people who work hard in their 50s and 60s to pay CA taxes are pretty fed up with all the double dip pensions for salaries way above what they could get in the private sector and retire after 30 years at age 52.... but not upset enough to vote against the tax increases to support it.
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