Silicon Valley stirs over proposal to end popular QSBS tax break
100% exempt does feel high to me.<p>I think my main problem w&#x2F; the tax proposals is that they are big, bold changes.<p>If anyone wants to increases taxes even 1%, I want there to be a big fight about it. Serious demands in to budget efficiency and transparency. If it passes, I want to know there is scrutiny over the taking of my dollars.<p>Passing a 10% increase swiftly and suddenly is like a punch to the gut, and we all know the tax code and laws around equity are totally moronic. &quot;We only tax if you make over $x!&quot; doesn&#x27;t account for the fact that many folks get all of their many years of equity... at once, in one tax year. Why is that counted as income for 1 year, and then boom, up to 65% tax?<p>Overall, taxes over 50% feel unethical too -- imagine if a mob boss goes to a retail store and demands half the profits. Why does anyone -- mob or Government -- deserve more than half of what you make? To hit 55% tax rate in California after this, you only need to make like $250k total. It&#x27;s a good amount, sure, but if you compare cost of living... it&#x27;s still hard to live on. You can still barely afford a crappy house. So you get this situation where &quot;life is hard&quot; AND the government is taking home more of your money than you do.