How California's Proposition 30 will affect entrepreneurs

12/4/2012 | All Things D

California's recently passed Proposition 30, which contains a retroactive tax increase, could take a toll on entrepreneurs in the state, writes Ethan Anderson, CEO and founder of Redbeacon. Successful entrepreneurs are especially susceptible to changes in the top tax rates because "in those rare cases when something of great value is created and a meaningful liquidity event takes place ... nearly all the money earned from the undertaking hits at one time," he notes.

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