I use IBKR margin, but didn't realize it was tax deductible!? Thanks for the tip!
240 karma · joined April 15, 2015
> Even if you convince the US government to switch to BTC
There's no need for that. It would be enough for some people to switch to BTC. I.e., not store their money or denominate their salaries in USD.
As things stand, most wealthy people already store their money in things other than USD that are somewhat less easy to manipulate, like stocks and commodities. It would be nice if this strategy were more accessible to people worldwide.
I’m not aware of any other digital transaction methods that can send un-printable money besides cryptos.
I think devaluing currency to inflate stocks and fund wars is harmful, and cryptos are a valuable solution. Although, I think there’s better than PoW.
Is this only Uber’s fault because they have the deepest pockets?
> racist drivers
Uber has enabled servicing minority neighborhoods, following an era of medallion taxis that avoided those areas.
I feel the same about PoN[1]-based currencies! Get rid of the Fed and the military!
[1] Proof of nukes.
I don’t think that’s true in bioinformatics. For example, people highly respect the laboratory work done to collect data on protein function.
It’s one of those things that is not so funny near a deadline :-)
Of course, it was some sort of user error.
> “a tax practitioner who relies just on the tax statutes will go to jail” - Tax Foundation
https://taxfoundation.org/how-many-words-are-tax-code/
> nightmare scenario has not happened anywhere
I’d be surprised to learn that any country had zero audits, because their file-free tax system worked for everyone. Is that the case anywhere?
Jeeze, not everyone on HN has the same viewpoint!
These categories of schools just have different funding mechanisms and thus different incentive structures. Compared to private nonprofits, for-profits can crowdfund creation of the school, but give up some ownership. On the other hand, public nonprofits are controlled by politicians and the general public.
> why did [many people] think that one for-profit is bad, and the other gets a free pass
I suppose for most people it was a value judgement, rather than an ideological one. The same reason why someone might dislike McDonald’s, but still like Veganburg. Bang-per-buck, many Coursera classes are a better value than those at other schools, whether they are for-profit, private nonprofit, or public.
Yes, but the excess isn’t siphoned away to random people. It’s paid to the investors in exchange for creating the school.
Can you give an example of any country whose tax code is more than 70k pages long?
Or a country where it requires, by default, taxes paid on money earned while living oversees, depending on a large number of international treaties, case law, and expensive private letter rulings? Or a country that requires you to file a different tax return in almost every state you step your foot in while working remotely? Or a country that requires you to essentially recalculate taxes on a quarterly basis to determine if you should be fined for underpaying estimated taxes?
> nightmare scenario
That’s not a nightmare scenario. That’s just a standard audit. They assume, e.g., zero coat basis, or residency, or it wasn’t used for business, or ... and you have to prove otherwise.
Or more likely, they send you their estimate, based on a tiny fraction of the tax code, you recalculate it from scratch, send it to them, and then they audit you.
Civil disagreements with the IRS start under the assumption that the IRS is correct (e.g., “your cost basis is zero,” or “that wasn’t a valid deduction”), and then you must prove to them that they are wrong.
I think it’s unlikely that Intuit has the power to steer the complexity of the tax code. States like NY and CA, for example, oppose a standardization of tax law for “road warriors” because they make so much money from non-resident workers who step foot in their state.
US tax policy is about 70,000 pages (mostly regulations, bulletins, and case law). And that doesn’t include state and local taxes.
If you stop being an easy case, for example you want to claim FEIE within 5 years of spending > 30 days in the US, then the IRS tells you to get a lawyer to pay for a private letter ruling. This is because, where other countries don’t tax their citizens income worldwide, the US does and then gives a moderate exemption. AFAIK, US tax code complexity dwarfs that of any other country.
I find it hard to believe that it’s TurboTax’s fault, a day after reading about Sen. Warren’s plan for a wealth tax and a $100B to the IRS to help them calculate and enforce it...
Continuously fixing ICANN’s decisions keeps alternatives from catching on.
We wanted bitcoin because govt control of money results in:
(1) new $ is unfairly distributed, (2) manipulation of $ to force consumer spending, (3) use of $ to fund wars and other govt programs, (4) threats of war are used to sustain $'s status as reserve currency, (5) absence of any innovation in $
and bitcoin addresses these problems, while being censorship-resistant. BTC has been a great success for sending remittance payments, providing a store of value in countries with hyperinflation, and spurring innovation in the financial sector.
It is illegal to compete with USPS to deliver letters.
But, “for families with incomes under $75,000, Exeter is free. We pick up the cost of tuition, books and academic supplies, and we provide a stipend ... We meet 100 percent of our admitted students’ demonstrated financial need. [1]”
Sadly, the idea that we live in a meritocracy is so politically incorrect that GSIs (TAs at Berkeley) are taught to interrupt a conversation where they hear a student saying “America is the land of opportunity” or “I believe the most qualified person should get the job. [2]”
[1] https://www.exeter.edu/admissions-and-financial-aid/tuition-...
[2] http://gsi.berkeley.edu/media/tool-recognizing-microaggressi...
I disagree with the author that Jobs and Zuckerberg are evidence that meritocracy is a myth. According to Wiki:
> ... Zuckerberg excelled in classes. After two years, he transferred to the private school Phillips Exeter Academy, where he won prizes in mathematics, astronomy, physics, and classical studies.
> By the time he was ten, Jobs was deeply involved in electronics and befriended many of the engineers who lived in the neighborhood. He had difficulty making friends with children his own age, however...
Later in life, they had great ideas, took huge risks (both dropping out of school), and worked hard.
IIRC, my PT from Kaiser Permanente gave me access to a workout app, but none of the sets, reps, or durations matched with what my PT wanted me to do. It would have been nice to take the routine and import it into a better app.
It seems like it would be pretty hard to account for all the small variations though!
> Facebook and Twitter Finally Do Slightly More Than Literally Nothing About Trump The temporary deplatforming of Donald Trump is the perfect distillation of Big Tech’s attempt to pantomime principles.
It also sounds like he thinks that illiberal millennials graduated, got jobs as journalists and editors, and now are happy to parrot propaganda from government authorities rather than investigate and report on accounts from whistleblowers.
https://theintercept.com/2021/01/07/trump-capitol-facebook-t...
Also, those jobs do pay a lot more in the expensive cities. Remember the story of the San Francisco transit janitor who made $270k / year?
https://www.sfgate.com/bayarea/article/BART-janitor-pay-2700...
Railways are allowed to grow organically in Tokyo and Japan:
> Outlying and suburban areas are served by seven private railway companies, whose lines intersect at major stations with the subway system. More than sixty additional kilometers of subway were under construction in 1990 by the two companies.