harryh

34 ms·

331.
by harryh 7y ago
Mortgage rates do not move in lockstep with the fed overnight rate.
332.
by harryh 7y ago
This is not accurate. See: https://www.themoneyillusion.com/the-actual-ammunition-issue...
333.
by harryh 7y ago
Tesla spent $70 million on marketing in 2018. https://ir.tesla.com/node/19496/html "Marketing, promotional and advertising costs are expensed as incurred and are included as an element of selling, general and
334.
by harryh 7y ago
1. I'm mostly comfortable with this, though willing to concede that it should be thought about more carefully than I have. 3. Not really because of the weird way it calculates the interactions between capital and labor income. 6. Indee
335.
by harryh 7y ago
Huh. TIL. Well some pie in the face for me here. Though these have become DEM interests over the years despite the source of their original passage.
336.
by harryh 7y ago
I appreciate your edit. Though I further contend that the complexity of filing is directly related to the complexity of the code.
337.
by harryh 7y ago
I'm not talking about IRS provided tax software. I'm talking about "tax code complexity." Things like all of our complicated deductions, or the AMT, or the NIIT or all the new goofy rules around S corps. Things like that
338.
by harryh 7y ago
You're absolutely correct on these IMHO. There is, at least, a multi decade trend of reducing corporate income taxes. Unfortunately all the complexity is still there even if the bills being paid are smaller. And yes, Georgist taxes on
339.
by harryh 7y ago
No matter how complicated the tax code, the government know in advance how much you should pay. This is not true. Just as an example, I have various business expenses that I incurred while consulting last year. The government has no way o
340.
by harryh 7y ago
That isn't an answer to my question. I'm looking for a specific form, or deduction, or rule that exists because of this lobbying.
341.
by harryh 7y ago
Incidentally, the harryh plan for simplifying US taxes: 1. eliminate all deductions in favor of the standard deduction 2. once 1 is done you can actually eliminate the standard deduction as well and make it a part of the tax tables with a 0
342.
by harryh 7y ago
Yes, two different but interrelated things. I'm skeptical that much progress can really be made on the latter (for-profit filing) without significant work on the former (code complexity). Perhaps I am wrong though. Maybe I'll go r
343.
by harryh 7y ago
and then have to continue with "except Joe" Yup. Exactly.
344.
by harryh 7y ago
Yes, I've read that before. I think there is some truth that Intuit has had some role in limiting tax software rollouts by the IRS. However I think it's probably overstated. There is a ton of complexity in the US tax code due to v
345.
by harryh 7y ago
Can you point to a specific rule in the tax code that is overly complex because of intuit lobbying and not because of the interests of one of the two main political parties in the US? I cannot.
346.
by harryh 7y ago
I don't think that's true in many cases. For example their are all kinds of deductions for green energy usage.
347.
by harryh 7y ago
I suppose I don't really know much about Switzerland[1] or Belgium's tax codes. My working assumption is that the population differences (both are the size of US states) leads to simplicity. But I'm perfectly willing to admit
348.
by harryh 7y ago
People say this, but it's not really clear to me if this is true. When I look at my (more complex than average) tax return I see a lot of ways to simplify things but most of them would involve going against a major interest of one of t
349.
by harryh 7y ago
It has never been a credible promise. Unfortunately.
350.
by harryh 7y ago
And the other major political party consistently adds complexities to the tax code either as a form of social welfare or to extract revenue to pay for their projects. The EITC, the AMT, the NIIT, all sorts of deductions. Unfortunately, ther
351.
by harryh 7y ago
The biggest source of tax complexity for Americans is our multi level government. Everyone has to file a Federal and State return. Many have to file returns in multiple states and some have taxes at the city level as well. This is mostly du
352.
by harryh 7y ago
I agree! Asking a lawyer to read a contract and explain it to you: totally worth it. I will actually clarify even further and say that redlines on employment contracts are definitely possible. It's really just for equity agreements whe
353.
by harryh 7y ago
Send them two copies as well as self addresses stamped envelope and a letter requesting them to date stamp one copy and send it back to you. They will do so.
354.
by harryh 7y ago
#2 is wrong. Founders don't get preferred stock. The link even says so: "Typically, investors get preferred stock, and founders and employees get common stock (or stock options)."
355.
by harryh 7y ago
This is bad advice for the vast majority of startup employees (basically anyone who is not an executive, and even most executives) because companies (rightfully so) will not accept redlined stock agreements for individual employees. In whic
356.
by harryh 7y ago
Are you trying to say that tax payers are subsidizing the entire retail industry? No, that is definitely not the case. Different amounts of value are added at different stages of the product pipeline. These different amounts of value are re
357.
by harryh 7y ago
Can you decide for yourself still? Or is it just other people who can't decide?
358.
by harryh 7y ago
Because of this: https://news.ycombinator.com/item?id=22370387
359.
by harryh 7y ago
Because different industries have wildly different profit margins so if you taxed revenue instead of profit, companies in some industries would be wildly undertaxed while others would instantly go out of business. Humans, on the other hand,
360.
by harryh 7y ago
Those things are true, but not really the point. 1) The entire issue here is about international revenue not US revenue. 2) Your second point is true but this IP was then sold to a subsidiary. The dispute is about the price paid in this sal

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