Chapter 57 U.S. Hatred of the Rich, Venture Capital
With a $500 billion obsession, how can Lin Yi give up easily. I bought the big yellow pages of the phone and went home to look through them. After looking for Mountain View, I went to buy a nearby city.
Watching her boyfriend work day and night, Xiang Yanghua was very worried: "Brother Yi, didn't you say that always bowing your head to read will hurt your cervical spine? It's too tiring to do this, let's find a while and rest for a while!"
Of course, Lin Yi was moved by the girl's worries, but he just said "um", and then continued to bury his head in searching.
The phone calls were one after another, but unfortunately they were all in vain. Either it's not and it doesn't work. Seeing that it was too time-consuming, Lin Yi began to mobilize the masses.
Activating the sunflower gave him an unexpected surprise. Then mobilize employees, maybe there are also unexpected gains.
Lin Yi asked all the technical personnel of the company, and finally got a little news from Wang Jie.
"Steve Jobs, I do know one. I just don't know, is it the person the boss is looking for?"
Unfortunately, engineers are not good at expressing themselves. Lin Yi heard the description and felt that it was not right: "The Jobs you mentioned is your colleague at Atari?
Wang Jie shrugged his shoulders: "To be precise, it was designed by others, and he made improvements." However, I heard that he only studied in college for half a year, and he dropped out of school without taking any major classes. So I suspect that his improvement work was done with help!"
Lin Yi hurriedly asked, "Do you still have his contact information?"
"He left a little earlier than me. I can ask about the phone, but don't get your hopes up too much, boss. Young Americans, they always work here and play there. Maybe now, I've gone to a foreign country!"
Sure enough, as Wang Jie said, when making a call, there is neither a busy sound nor a prompt, which is a disconnected state.
The search was fruitless, and Lin Yi was exhausted. I had to wait and see what exhibitions were available, hoping to come across them.
At this moment, the magpie chirped at the door, which directly swept away Lin Yi's exhaustion! Paradise Games Company, last month's results have been freshly released.
The output in the first month was 13,000 units, because customers competed for me, so that Lin Yi gained a lot. The gross profit was 7.8 million and the pre-tax profit was 6.3 million.
Seeing these numbers, Lin Yi's eyes narrowed with a smile. Relying on foresight, it has been sold for a year or two without any problems. By that time, he will be the youngest billionaire before Jobs!
What made him angry was that after a moment of joy, he found that the funds in his account were only $3.27 million! However, he quickly calmed down. Because of fake accounts, it is impossible to be so conspicuous and recognizable at a glance.
When asked the CEO why, Phelan replied calmly: "If the income exceeds $25,000, the corporate tax is as high as 48%!" ”
Lin Yi took out the calculator and pressed it back and forth several times, and sure enough, there was no problem. He was stunned at first, and then gritted his teeth: "How can it be so tall that you can't let people live?"
Phelan had nothing to do with him, and joked: "I whispered to you, the U.S. government hates the rich!"
Lin Yi reacted for a long time: "Why don't you withdraw the money back to Hong Kong and set up a factory there?"
Phelan nodded: "The tax rate over there is only 16%, which is much lower than in the United States." However, if you want to take the $3.27 million, you must pay another $1.38 million in personal income tax!
Lin Yi sprayed at that time: ", why do you have to pay taxes?"
Phelan pointed to his face: "Absolutely serious. Money is invested in the operation of a company, which can create jobs in the United States. If you take it personally, you will have to pay more taxes. Corporate income tax is 48% and personal income tax is 70%. Of course, if you earn less than 6,000, you don't have to pay taxes!"
Lin Yi gritted his teeth: "Stop joking, it's not fun at all! The US Internal Revenue Service is simply a robber!"
Phelan rarely agreed: "Since Roosevelt's New Deal in 1933, American businessmen have been scolding like this. ”
Lin Yi suddenly reacted: "No, I heard that there is a tax declaration day in the United States, and only that blood is shed once a year!"
Phelan immediately corrected: "You haven't seen the tax form, have you? If the words on it are translated, it should be the date of the tax refund! ”
"I've also heard that there are many ways for the rich to avoid taxes. ”
"If you want to know, you can ask the legal department. I had only studied business for one year and was not familiar with tax issues. But I advise you, be sure to think about it beforehand!"
The United States is known as the rule of lawyers, so the legal department of Paradise Company is one of the earliest and most complete departments. Mr. Pence, the person in charge, has a wealth of experience in both taxation and patents.
"I didn't apply for U.S. citizenship, and I didn't apply for a green card. The personal income tax in the United States can't be levied on my head, right?
"Whoever does business, as long as they rely on the U.S. market, has to pay taxes to the U.S. government. ”
"Boss, California, the tax rate is actually heavier. The company's scientific research department is suitable for Silicon Valley. But headquarters and factories, it is better to move to states with favorable tax rates. If the policy is used well, the individual income tax can be reduced from 70% to 50%. ”
Many of Pence's tricks made Lin Yi listen to them with great heart! However, thinking of Fei Lan's warning, he suddenly understood: The person in front of him is not even a confidant, and he must not give someone a handle.
If for the sake of money, Pence helped him illegally avoid taxes. Then one day, maybe for the sake of money, you will also betray the boss. You must know that after the report is successful, the whistleblower is eligible to share the huge amount of illegal gains!
So until he went out, Lin Yi didn't ask about those key points. Unable to hang himself from a tree, he went to consult an economics teacher.
The professor opened the textbook "Economics": "The policy of the American science and technology industry, this part has not yet been discussed. Your problem is closely related to it. We all know that the investment in scientific research is huge, and there is a lot of risk of failure. Therefore, in order to promote scientific and technological progress, the tax rate on venture capital is set very low, about 30% on average. ”
Lin Yi suddenly realized, and his face showed joy: "Isn't Silicon Valley a paradise for venture capital?"
Although the problem was solved, the professor was very friendly and added another piece of information: "Invest in a stock, suppose there is a book loss of 1 million during the oil crisis, and you choose to continue to hold it, and then you make 2 million, then you sell the stock, you can remove the previous loss, and only pay 1 million taxes." So in the United States, long-term capital investment is a rational choice. ”
Lin Yi suddenly thought, long-term capital investment, is it the stock god Warren Buffett?
The brain turned a corner, and it was back to venture capital. The tilt of technology industry policies has created the prosperity of Silicon Valley. Since the general trend is like this, of course, we must take advantage of the trend and develop the gold mines in Silicon Valley.
Thanks to Professor White, Lin Yi walked out of the campus and drove onto Shashan Road. Walk through residential areas and into the back half of the road. Most of the venture capital companies in Silicon Valley are gathered here. Limited by time and experience, it was inconvenient for him to operate alone, so he wanted to find a company to take a share.
It's a pity that things didn't go well, and the road came to an end, and I couldn't find the target. The surrounding buildings, all only see the house number, not the company nameplate. Lin Yi scratched his head, feeling inexplicable!