nrmitchi

37 ms·

421.
by nrmitchi 5y ago
> By your logic: You are free to invest like him in early stage startups. You will be out zilch, so why not do what he did? 1. Accredited investor rules 2. Please find me a startup which will allow me to buy shares at $0.001/share w
422.
by nrmitchi 5y ago
I mean, you're already not allowed to use a Roth to invest in a company that you're an officer of, major shareholder in, etc (with many other restrictions), so I'm not sure how adding a new law would have changed this (since
423.
by nrmitchi 5y ago
Really? IF the US is that aggressive about their tax dollars, what was the full fallout of the Panama Papers again? I'm not going to say anything about McAfee at at this time, but your other example was not really a target for inditeme
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by nrmitchi 5y ago
I have to assume you're just feigning naivete here. First, officers or directors of S&P500 companies are almost definitely above the income level to open a new Roth IRA. Second, you're really grasping at straws here trying to
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by nrmitchi 5y ago
> Peter Theil did not have 100% voting shares of Paypal, First, that's not the requirement. > and if he did that went away very soon after with the other co founders and investors diluting him fast enough for it to satisfy IRS re
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by nrmitchi 5y ago
OR they read the basic rules, regulations, and restrictions about contributing to a Roth IRA and came to a logical conclusion.
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by nrmitchi 5y ago
ProPublica making a public claim of a tax crime is much more likely to be considered libel than an insignificant person on HN doing the same.
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by nrmitchi 5y ago
Yes, that is true. But I cannot fathom the cries of "IRS Pursuing Investigation against a single Tax Transaction from 20 years ago against vocal Trump supporter" would go over well.
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by nrmitchi 5y ago
Except it is very clearly not an arms length transaction, and is explicitly not allowed, and the penalty is tainting/exposing-to-tax the entire IRA.
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by nrmitchi 5y ago
"I'm constantly shocked at how little anyone seems to question the validity of using self-reported evidence that shows our one-sided the US tax system is for reporting"
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by nrmitchi 5y ago
You're also not allowed to put ISOs or anything "earned" into a Roth IRA (or buy it from yourself). The problem here is that this was clearly a prohibited transaction, but the IRS state of limitations is effectively 3 years f
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by nrmitchi 5y ago
> IRAs can be shareholders in anything. They can be 100% shareholders as well. They can even form their own companies from the beginning. > Being a minor shareholder in a corporation isn't a prohibited transaction or run afoul of
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by nrmitchi 5y ago
What I don't understand about this whole maneuver is that Roth transactions must be made at arms length; ie, "Transactions must be made at arm’s length and not involve the IRA owner or a member of his or her family." An examp
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by nrmitchi 5y ago
> Considering that Stripe's original selling point was that it let websites accept credit card payments without seeing your credit card number This is true, but it's also kind of a misleading statement; the original selling poi
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by nrmitchi 5y ago
I don't think it's fair to assume that this is astroturfing in any way. Stripe just has a large following of people who like anything they release. Stripe has "fans" just like Apple does.
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by nrmitchi 5y ago
This is, unfortunately, such a good point that I hadn't considered in the past.
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by nrmitchi 5y ago
Tbh these are debit cards. The Durbin Amendment limited the interchange that count be charged on debit transactions (I think the average is something like 0.3% now), so everyone was pushed towards "credit" products instead.
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by nrmitchi 5y ago
> So Checkout already includes Stripe Tax at no additional cost. That’s great to hear I am no Stripe pricing authority, and have no relation to the company, but I'm pretty sure that is *not* what she said. She said that Checkout doe
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by nrmitchi 5y ago
> if they are wrong and the tax man comes after you, you get to hold Stripe accountable for any and all repercussions. You are paying Stripe to take on the legal responsibility of getting it right. Where exactly is this stated? As far as
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by nrmitchi 5y ago
Ya, it's definitely a lot to read. But if you are going to make statements like "I can't believe he responded in that way!!", it's important to read the thing that is actually being responded to .
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by nrmitchi 5y ago
I am curious, and I'm curious for many others commenting in these threads; did you read the entire email thread was that posted on imgur (and referenced as "technical details" from the post), or just the content of the origin
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by nrmitchi 5y ago
> You cannot go around accusing someone trying to start their career (this intern) of IP theft I'm not saying that I agree with threatening legal action here, but this isn't really a fair classification. You are implying the th
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by nrmitchi 5y ago
Bitcoin mining also doesn't use GPUs any more, as far as I know that space is almost entirely custom ASICs. > Most new crypto's use proof of stake What (of any substantial volume) uses proof of stake at the moment? That's
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by nrmitchi 5y ago
My understanding is that it's totally feasible, but ends up being a game of cat-and-mouse (just like most security projects). The question is whether or not it's worth the effort (for Dockerhub). If they were leading in their spac
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by nrmitchi 5y ago
I'd love to see an example of this actually working, because I have had the opposite experience (explicitly with the Kubernetes and Helm providers); I've had to do applies in multiple steps.
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by nrmitchi 5y ago
Yes, however this will work (typically) if the cluster already exists (a previous run), but typically not if you creating the cluster, and kubernetes provider, as part of the same run. IIRC you'll end up with a kubernetes provider wi
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by nrmitchi 5y ago
> If the entire population doesn't care about something It is a huge leap to assume that the entire population doesn't care about the literal cost of something they are buying.
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by nrmitchi 5y ago
> quite low likelihood if the sampling is truly random... If you're assuming their user base is 50/50 male/female, which for many apps is not a valid assumption. If I remember how to do math correctly, 50/50 gives 5
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by nrmitchi 5y ago
From a quick glimpse on twitter, people couldn't make changes to any of the accounts they were seeing. This points in the direction of this being a caching bug; you request your homepage, and get the homepage of whichever user was plac
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by nrmitchi 5y ago
I don't think there is any argument here isn't that everyone should build their own payment stack, or their own shopping card, or invoicing software. It's that other companies that have built on top of Stripe as a platform

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