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That's a fair point. I missed that nuance, but you're right that I was doing after-tax calculations and comparing them to a pre-tax salaries. Thanks for catching that. It doesn't change the main point of the article, but definitely adds important nuance.

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Aaron Dinin, PhD

I teach entrepreneurship at Duke. Software Engineer. PhD in English. I write about the mistakes entrepreneurs make since I’ve made plenty. More @ aarondinin.com