5 ms·
“Let’s have some fun I’m offering two grants of $5,000 for whatever you want”
- teuobk 10y agoInteresting. What are the tax implications, if any, for doing something like this? If it's an American giving a grant to another American, would it be treated as a gift (and thus be tax-free), or would it be treated as income?
- firstpost1234 10y agoi believe the gift tax applies once you get above $14,000 in value in any given tax year.
- wavefunction 10y agoI can't speak to that but any gift of $11,000 or more is taxed.
- sokoloff 10y agoThe annual gift tax exemption is $14K for 2014 through 2017. Source: https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes#5 https://www.irs.gov/businesses/small-businesses-self-employe...
- deleted 10y ago[deleted]
- JauntTrooper 10y agoNo it's not. The US gift tax is widely misunderstood. In the US, any gifts over $5.49 million over the course of your lifetime is taxed. Any gift over $14k in a single year needs to be disclosed to the IRS, but it's not taxed. They're just keeping track of it in case you hit the $5.49 million lifetime cap, and they reduce the amount of your estate tax exemption by that amount. It's all set up to stop people from avoiding the estate tax by gifting a lot of their wealth while alive.
- sokoloff 10y agoThe gift tax is accounted for by the giver, not the recipient, and is per-(donor, recipient) pair. Person A can give persons C and D $14K each and that all falls under the annual exemption. Persons A and B can together give person C $28K and person D $28K and still be within the exemption (2 spouses giving to 2 kids is a common example).
- deleted 10y ago[deleted]
- JauntTrooper 10y agoIt's not considered income, and it's not subject to taxes. If it's above $14,000 in a single year, the giver needs to disclose it to the IRS on their tax return for record keeping purposes, but it doesn't get taxed unless it's cumulatively above $5.49 million over the course of the giver's lifetime.
- douche 10y agoI'd love to take a month off. I need to get back to my blog and read through my massive Manning and Amazon backlog...
- protomyth 10y agoI'd love to get a couple of welding simulators and a 3D printer for the crafting folks, but I get the feeling an email from a Tribal community college isn't the point.
- sthatipamala 10y agoYou want to get that equipment for a community college serving a Native American tribe? That sounds like a great cause! (The person states they are looking to fund things that might go unfunded otherwise)
- protomyth 10y agoI got the vibe it was for an individual. I'll ask my boss in the morning then send a tweet. Worth a try.
- wavefunction 10y agoShe said it could be for anything to "get your life moving." Just think about getting many people's lives moving? I urge you to apply!
- exabrial 10y agoI have an idea for building tube guitar amps using solid state power supplies to save weight. Have a working prototype!
- analognoise 10y agoThat's called a hybrid amp.
- exabrial 10y agoA few blackstars do that, vaccuum preamp and a solid state output stage. Oddly enough, most of those use a linear psu. The design I made uses switched psus with a vacuum preamp and vaccuum output. It has thunderous output power in 1/3 of the size/weight of a comparable power linear amp
- analognoise 10y agoSo you're using a nonisolated power stage to avoid the transformer and diodes? The transformer also provides isolation from line voltages. Are you sure there isn't a reason the trade-off went the other way?
- exabrial 10y agoLinear power supplies voltage sag as they're overloaded. This famously exploited by some players to create "brown tone", or audio compression, as the input signal gets louder. I don't particularly care for this type of compression and a lot of other players don't either. As far as safety, the input transformer is -boosting- your 120vac to 400vac-500vac :) So it's not protecting you from anything :D My topology could be arguably safer... First, 120vac->24vdc via switching PSU. This actually provides the isolation you refer to. Then the 24vdc is split, part of it is switched down to 6.3vdc for the tube heaters and the other part is put through a ZVS boost circuit 24vdc->376vdc. Even with the double conversion, my efficiency is about 78%! I have complete isolation from AC via the first power supply. I bond my negatives to earth for safety. The best part is, this amplifier is dead quiet because the switching noise is very easy to filter.
- gravypod 10y agoI wish other people could take this into a recurring proceess. I've experianced that it's very hard to get research funded when you do not have a hard-science goal in the scientific community. For instance, right now I'm attempting to get funding to write software to do hard-science with but that is not fundable from normal sources (NSF) despite being a very good project that will enable researchers to study things that they were previously unable to. Most grants today are "I want you to study X" not "Do something that's really worth the money" or "Build something that will genuenly help people or improve life for everyone".
- nikofeyn 10y agodisciplined minds by jeff schmidt talks about this "i want you to study x" phenomenon and how it tricks people into thinking they are truly defining their academic research direction.
- tlb 10y agoAlso, NSF likes to give large, recurring grants to big institutions, because that maximizes the $/effort ratio. Single-person software projects are below the level they like to fund. SBIRs are better for small amounts, but in practice they are so narrowly targeted that unless you lobbied 2 years ago for something to be in there, it won't be.
- hactually 10y agoTake a look at experiment - https://experiment.com/discover https://experiment.com/discover Is that not a similar idea?
- aryehof 10y agoThe "Let's have some fun", part comes across as slightly condescending to me. Perhaps I'm way too cynical, but my first reaction was that this is a fairly novel way to grow Twitter followers and promote an agenda.