Meanwhile, me over here with the self-doubt slamming ctrl-z
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
Assume positive intent. Amazing how much lower stress your stress levels will be if you don’t feel attacked (on the road, on social media, in conversations, etc).
Oh yeah, and buy a bidet. Your bum will thank you.
A large part of this is being driven by illegal trafficking operations that recruit desperate families looking to give their families a safer life. Republicans have chosen to demonize both the families as well as the traffickers. It must suck living a life incapable of empathy for others less fortunate.
Anyways, this is actually a pretty good read on it, despite it coming from CNN:
https://www.cnn.com/2023/12/20/us/migrant-surge-travel-agencies-smugglers/index.html
So the co-founder of Klanned Karenhood is the B in LGBTQ+. It’s always projection with these right wing twats.
Just got back from a 3 day trip to Brussels, we loved it. Plus, Smurfs (Les Schtroumpfs) everywhere. We did take a day trip to Bruges though, that was even better than Brussels IMHO. Especially since I could walk around saying to my wife “If I grew up on a farm, and was retarded, Bruges might impress me but I didn’t, so it doesn’t.”.