zlacker

>>nemanj+(OP)
This is a rather depressing graph, what happened in 2022-2024?

>>anders+x41
The tax change that causes companies to have to weirdly treat developer salaries as some sort of asset such that they can only write off 20% of it per year. Outcome of this is killer for startups and causing a huge issue everywhere.

Bottom line: If a company makes $1MM in revenue and pays $1MM in salary, they owe taxes on $800k profit. Yes, this is actually the law now.

>>lubuja+9c1
Has anyone heard opinions from the incoming administration on getting this changed?

I guess the one area this tax law particularly affects are bootstrapped revenue-generating (non-VC funded) startups with high dev costs? i.e., actual running businesses not playing with monopoly money.... which maybe Elon doesn't care about....

>>awongh+gu1
The change was introduced in Trump's tax cuts, so I doubt he will reverse it.

>>_djo_+wv1
Did the change take effect during his administration or after the tax cuts expired or rather after the income brackets also increased? That change was intentional so that the following administration if it wasn't the GOP would feel the heat of and get the blame fortaxes going up.

>>jrs235+ec2
It took place during the administration.

Another poster had a good summary: >>42379288

>>_djo_+Rv3
I think this is the more important comment in that thread: >>42380764

"Note: these changes were signed into law in 2017 but came into effect in 2022"

Like I thought, changes were meant to be a time bomb if the GOP wasn't in control.