Remember when NBC hired Kelly in 2017, she gave Putin a platform to spread his propaganda, she got demoted, and then eventually fired for racism? Who could have guessed that she was just another maga conspiracy nut?
Remember when NBC hired Kelly in 2017, she gave Putin a platform to spread his propaganda, she got demoted, and then eventually fired for racism? Who could have guessed that she was just another maga conspiracy nut?
The 2017 tax bill that the Republicans rammed through had a time bomb in it for software developers. Starting in 2022, companies could no longer expense R&D costs, and instead had to amortize them over 5 years. This has led to massive tax bills in 2023 for companies. I have no doubt that this is another major factor in the recent tech layoffs.
Take an imaginary bootstrapped software business called “Acme Corp.” This company generates $1,000,000 of revenue per year running a SaaS service. It employs five engineers, and pays each $200,000. That is $1,000,000 paid in labor costs. For simplicity, we omit other costs like servers and hosting, even though those costs can also fall under the new R&D rules, and have to be amortized. So, how much taxable profit does this company make?
In 2021, the answer would be zero profit. In 2022, the answer was $900,000 in profits(!!)
https://newsletter.pragmaticengineer.com/p/the-pulse-will-us-companies-hire
Florida (desantis) recently enacted concealed carry, so I’ll be curious to see what law this nut actually broke.