Venture Capital Should Pay Its Fair Share of Taxes, Altman Says
- Head of Y Combinator says it's `ridiculous' to pay lower rate
- Presidential candidates call for reforms; Silicon Valley split
This article is for subscribers only.
In the growing debate over how much investors should pay in taxes on capital gains, a prominent Silicon Valley venture capitalist just weighed in with a counterintuitive take: investors like him should pay more.
Sam Altman, the president of startup accelerator Y Combinator, says it’s “ridiculous” that venture capitalists pay a lower rate on their returns than households do on their income.