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shakeel_mohamed
on March 9, 2014
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Start-up NY
I got really excited for a moment, then I read the fine print. But, I think is generally a step in the right direction.
How terrible would it be to collect no taxes from startups for the first year, nationally?
srlake
on March 9, 2014
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Most startups aren't paying significant taxes in the first year, anyways, since there will be no profits.
shakeel_mohamed
on March 9, 2014
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Correct, and a startup with low profits might benefit in tax exemption early on for long-term success (and potentially avoiding fundraising early on).
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How terrible would it be to collect no taxes from startups for the first year, nationally?