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taxman22

74 karma · joined September 9, 2022

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taxman22··on Didn't realize it was this bad
When I post SWE roles, I get hundreds of applicants from people outside the US who pretend to already be in the US, by putting SF in their LinkedIn. I also get a ton of people who lie about needing work authorization.
taxman22··on Delaware faces exodus of tech companies
At this point only 2 of the top 8 companies by market cap will be incorporated in Delaware. As Tesla and Meta move, investors in startups will need to be more open to investing in companies formed outside Delaware.
taxman22··on My second year without a job
The question asked how somebody would pay for an unexpected $400 expense. If you answered “credit card” then you were considered to not have the cash to cover an emergency. I’d use a credit card…and pay it off when it’s due.
taxman22··on Interview gone wrong
Any time you use language specific tricks in an interview, you’re probably going to confuse your interviewer and not do well.
taxman22··on The richest people borrow against their stock (2021)
Schwab Pledge Asset Line (PAL) is SOFR + (2.40% to 4.4%). SOFR today is 4.81%.
taxman22··on UC Berkeley will delete all alumni email accounts with >5GB stored
How do you write “a quick python script” to export data from a Google account across many products and data types, while dealing with rate limits, API limitations, etc?
taxman22··on One-man SaaS, 9 Years In
If you’re not pushing code/changes the likelihood of incidents is significantly less. Also, not having a few enterprise contracts that make up most of the revenue, helps ease customer support load.
taxman22··on Why isn’t dotnet core popular among startups?
You should use the best tool for the job, and if that's dotnet go for it. That said, it would be difficult to hire strong engineers, across all experience levels. Your team would probably skew older and have outdated engineering practices.
taxman22··on The U.S. housing market vs. the Canadian housing market
Any improvements increase the cost basis in the US and reduces the capital gain as well.

I think the 2 bigger taxes difference are: 1. Property tax in Canada is often 80% less than much of the US. (0.28% in Vancouver vs 1.3% in Bay Area, CA vs 2.2% in Austin, TX) 2. Interest on $750k is tax deducible in the US, however with low interest rates, many people just take the standard deduction anyway.

taxman22··on The U.S. housing market vs. the Canadian housing market
There is certainly a housing problem in Canada, but isn't some of this attributable to the Canadian dollar getting weaker since 2009? It went from 1=1 to $1.4CAD to $1 USD today. Real housing prices will increase as wages in Canada decrease in USD, and asset prices increase in CAD.
taxman22··on HuggingFace and Open Source AI Meetup in SFO Mar 31st
It must be a Canadian who wrote that
taxman22··on March 20 ChatGPT outage: Here’s what happened
The postmortem doesn’t say that. It just says they were caching “user information”. Maybe that includes a Stripe customer or subscription ID that they look up before sending an email, for example.
taxman22··on SVB Hall of Shame
SVB was insolvent last quarter.
taxman22··on SVB Hall of Shame
I can’t believe this narrative is at the top of HN. It’s disappointing.
taxman22··on SVB Hall of Shame
SVB was insolvent.
taxman22··on Ask HN: Best state for starting a small hardware business (LLC)?
If you form an LLC outside the state you run the business, then you’ll also need to register it in your home state where you run the business. This just adds overhead, fees, etc… it’s probably best to form in your home state.

Some choose to register in Delaware to make it easier to convert to a Delaware Corporation in the future. If you live in California, you’d still need to register the LLC in California and may all taxes and fees to California.

taxman22··on Weird spike in Svelte downloads around 2022-11-20
Apparently related to Deno

https://twitter.com/Rich_Harris/status/1599418982733213697

taxman22··on Ask HN: Would you (or your company) host your own document signing if you could?
We use Docusign because after all of the hard work to close a deal, we want to make sure we get the signature and the signer doesn’t have to learn a new signature tool. Signers like Docusign because all of their signed docs are in one place.
taxman22··on Crypto is the first question on IRS Form 1040 in 2022 [pdf]
How could they use more plain language?
taxman22··on Crypto is the first question on IRS Form 1040 in 2022 [pdf]
This has been on for a few years, but is better worded now. I remember reporting “bitcoin” gains in 2012 when there was no guidance from the IRS so I was sure I was going to get audited. I did not.
taxman22··on [dead]
Can somebody “explain to me like I’m a busy founder” what this all means?
taxman22··on 10 KB Club: Curated list of websites whose home pages do not exceed 10 KB size
None of those websites are worth visiting. Guess you need more than 10KB to display any value.
taxman22··on Tell HN: (weirdly, it works now) DuckDuckGo is blocked by Indian govt
Similar situation happened in July 2020 https://www.theverge.com/2020/7/4/21313393/duckduckgo-india-...
taxman22··on A Twitter Off Ramp: A Tutorial for Getting on Mastodon
Part 7 - Go back to Twitter after getting no engagement on Mastadon
taxman22··on $477M FTX ‘hack’ was a Bahamian government asset seizure
I don’t think malware was confirmed to be installed on FTX apps. They were just saying that IF it was hacked then the bad actors could add malware.
taxman22··on I'm Peter Roberts, immigration attorney who does work for YC and startups. AMA
The gentleman is a US immigration attorney, not an international tax expert and corporate therapist.
taxman22··on Shopify lets staff decide cash-stock pay mix as shares dive
You’d be granted $200k in RSUs over 4 years, but actually be getting, 20,000 RSUs if the stock price was $10. Fast forward a few years and the stock is trading at $100. You’re now earning 10x more.

Edit: added “over 4 years”

taxman22··on H.R.2184 – End Oil and Gas Tax Subsidies Act
If you have high "ordinary income" from salary, RSUs, NSOs, etc, you can essentially convert that ordinary income to dividends and long term capital gains using these oil & gas tax subsidies.

Let's say you invest $100k into a drilling fund. You can deduct intangible drilling costs in year 1, which is usually about 95% of your investment. So you save ($maginal_tax_rate * 95k) in year 1, and get a dividend (with extra tax break) of 10-20% per year for about 7-10 years.

When the oil slows down after 7-10 years, the fund sells the asset for 20-30% of your investment, and I believe you can realize that loss.