So how do the people effect change? As career bureaucrats generally cannot be fired, how does a government elected in a landslide make change when they only people they can solicit information from are the career…
The industries have many of the most knowledgeable people. Ideally you would have an adversarial process similar to US courts. People representing different viewpoints vigorously representing their opinions with…
Agreed. That is why there is a Constitution with Amendments that describes the rules and why it requires a supermajority to change them.
How does the author think Democratic Republics work? How do the representatives become knowledgeable about the numerous topics they need to vote on? If one group puts more resources on a specific topic, they may have an…
I must confess, I do not understand the point the author to make. Are they saying that there is no lobbying in Europe, that it is a uniquely American pasttime? That is not my understanding given a cursory internet…
Full agreement. The world is moving forward. This just happens to be the current area of aggressive advancement.
Drive deeper. Why is Wolfram Alpha ok and LLM not? Are calculators ok or too high tech?
Why are people giving mathematicians such delicate treatment? When steam-powered looms elimnated thousands of textile worker jobs; farm machinery took farming from roughly 50% of US labor in mid-1800's to 2% today; coal…
Silly argument. Everything in gravitational physics goes back to Newton? Who cares about Convex Optimization if you do not undertand gravity? Math goes back to Euclid and the Greeks? Mankind has consistently built upon…
Not correct. Capital Gains taxes depend on the holding period. Short term capital gains (stock held less than a year) are taxed at the same rate as salaries (ordinary income rate). Long term capital gains (stock held at…
Have you ever been a c-staff? C-staff are employees as well. Usually more expensive employees. Well run companies are trying to figure out how to win in the marketplace. To do this they hire the employees they need to…
Different markets. Companies are created to allow investors to create profits selling something (things, services, etc). Companies compete with other companies to attract capital. Companies which offer higher expected…
Buybacks do not necessarily create an increase in stock price. Economically no value has been created. Cash on a balance sheet has simply been exchanged for shares. The people selling their shares in the buyout get the…
As a former Finance person, it is interesting to see the panicked attitude of programmers toward AI and the resulting loss of job opportunities. Programmers have eliminated more jobs than almost any other group of…
Every decision as to how to spend taxpayer money is political. There are always trade offs. The money could be spent on the military, enhancing social security, getting homeless people off the streets. These are all…
This sounds very similar to the challenge that companies had implementing Six Sigma (or other statistically-based quality programs). The tools significantly helped the average person improve the quality of their…
The definition of capitalizable expenses tends to be the same between GAAP and tax. The depreciation schedules are frequently different.
Apologies, I was speaking to the more general idea of allowing firms to depreciate/amortize assets faster to juice hiring. In this case, the government ended the accelerated amortization for R&D which had been juicing…
Amortization/depreciation is actually pretty important for understanding the performance of a company. Imagine a firm buys a piece of software to run its business. In year 1 it pays $10M for the software then $1M per…
Think of scientists developing drugs at a pharmaceutical company. They were significantly impacted by the change in deductibility.
For clarity, there is another section, Section 41, that addresses tax credits for R&D. This is still active.
Interesting perspective. Firms actually have to evaluate each year whether it is really an asset. If they determine that product is no longer useful, they would write off the remaining balance immediately.
IF the machinists are doing R&D, they get the same treatment as software engineers.
No. Not tied to a specific employee. The expense is simply capitalized then amortized over 5 or 15 years.
Short answer is yes. The finance team has to track each year’s expense as a “tax layer” and amortize it separately. By year 5, ignoring half-year or half-quarter conventions, if have a constant spend, the annual expense…
So how do the people effect change? As career bureaucrats generally cannot be fired, how does a government elected in a landslide make change when they only people they can solicit information from are the career…
The industries have many of the most knowledgeable people. Ideally you would have an adversarial process similar to US courts. People representing different viewpoints vigorously representing their opinions with…
Agreed. That is why there is a Constitution with Amendments that describes the rules and why it requires a supermajority to change them.
How does the author think Democratic Republics work? How do the representatives become knowledgeable about the numerous topics they need to vote on? If one group puts more resources on a specific topic, they may have an…
I must confess, I do not understand the point the author to make. Are they saying that there is no lobbying in Europe, that it is a uniquely American pasttime? That is not my understanding given a cursory internet…
Full agreement. The world is moving forward. This just happens to be the current area of aggressive advancement.
Drive deeper. Why is Wolfram Alpha ok and LLM not? Are calculators ok or too high tech?
Why are people giving mathematicians such delicate treatment? When steam-powered looms elimnated thousands of textile worker jobs; farm machinery took farming from roughly 50% of US labor in mid-1800's to 2% today; coal…
Silly argument. Everything in gravitational physics goes back to Newton? Who cares about Convex Optimization if you do not undertand gravity? Math goes back to Euclid and the Greeks? Mankind has consistently built upon…
Not correct. Capital Gains taxes depend on the holding period. Short term capital gains (stock held less than a year) are taxed at the same rate as salaries (ordinary income rate). Long term capital gains (stock held at…
Have you ever been a c-staff? C-staff are employees as well. Usually more expensive employees. Well run companies are trying to figure out how to win in the marketplace. To do this they hire the employees they need to…
Different markets. Companies are created to allow investors to create profits selling something (things, services, etc). Companies compete with other companies to attract capital. Companies which offer higher expected…
Buybacks do not necessarily create an increase in stock price. Economically no value has been created. Cash on a balance sheet has simply been exchanged for shares. The people selling their shares in the buyout get the…
As a former Finance person, it is interesting to see the panicked attitude of programmers toward AI and the resulting loss of job opportunities. Programmers have eliminated more jobs than almost any other group of…
Every decision as to how to spend taxpayer money is political. There are always trade offs. The money could be spent on the military, enhancing social security, getting homeless people off the streets. These are all…
This sounds very similar to the challenge that companies had implementing Six Sigma (or other statistically-based quality programs). The tools significantly helped the average person improve the quality of their…
The definition of capitalizable expenses tends to be the same between GAAP and tax. The depreciation schedules are frequently different.
Apologies, I was speaking to the more general idea of allowing firms to depreciate/amortize assets faster to juice hiring. In this case, the government ended the accelerated amortization for R&D which had been juicing…
Amortization/depreciation is actually pretty important for understanding the performance of a company. Imagine a firm buys a piece of software to run its business. In year 1 it pays $10M for the software then $1M per…
Think of scientists developing drugs at a pharmaceutical company. They were significantly impacted by the change in deductibility.
For clarity, there is another section, Section 41, that addresses tax credits for R&D. This is still active.
Interesting perspective. Firms actually have to evaluate each year whether it is really an asset. If they determine that product is no longer useful, they would write off the remaining balance immediately.
IF the machinists are doing R&D, they get the same treatment as software engineers.
No. Not tied to a specific employee. The expense is simply capitalized then amortized over 5 or 15 years.
Short answer is yes. The finance team has to track each year’s expense as a “tax layer” and amortize it separately. By year 5, ignoring half-year or half-quarter conventions, if have a constant spend, the annual expense…