Sat Jan 13 00:00:44 2024
(*75de6f1e*):: speaking of dev jobs not being so great going forward.. https://www.theregister.com/2024/01/12/us_tax_research/
*** Forced tax cost amortization hobbling US tech R&D projects
*** But Congress is on top of that, right?
*** theregister.com
(*6952cd93*):: This is a flaming disaster +public!
As pointed out by Gergely Orosz of The Pragmatic Engineer, a theoretical company with $1m in revenue and $1m of software developer salary costs could have claimed it had no taxable profit in 2021. The required SRE amortization rate of 10 percent would mean the org had $900k in profit in 2022 – and a six-figure tax bill coming due the following year.
*** The Pulse: Will US companies hire fewer engineers due to Section 174?
*** It’s rare that a tax change causes panic across the tech industry, but it’s happening in the US. If Section 174 tax changes stay, the US will be one of the least desirable countries to launch startups
*** The Pragmatic Engineer
(*6952cd93*):: It’s like they are trying to destroy us on purpose
