Companies That Were Founded When Taxes Were Way Higher
I am a huge fan of high taxes (for the rich), and a common argument I hear against it is “If taxes are too high, nobody will open businesses! Why should someone do a bunch of work if they can’t reap the rewards?”. And I guess it sounds right intuitively, but it’s also factually dead wrong. Tons of companies got started when tax rates were way higher than they are today. In this blog post I’ll combine some data from various sources into a big table which shows the highest marginal tax rates when various companies got started. ...