Skip to content
By using Twitter’s services you agree to our Cookies Use. We and our partners operate globally and use cookies, including for analytics, personalisation, and ads.
  • Home Home Home, current page.
  • About

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @
  • Language: English
    • Bahasa Indonesia
    • Bahasa Melayu
    • Català
    • Čeština
    • Dansk
    • Deutsch
    • English UK
    • Español
    • Filipino
    • Français
    • Hrvatski
    • Italiano
    • Magyar
    • Nederlands
    • Norsk
    • Polski
    • Português
    • Română
    • Slovenčina
    • Suomi
    • Svenska
    • Tiếng Việt
    • Türkçe
    • Ελληνικά
    • Български език
    • Русский
    • Српски
    • Українська мова
    • עִבְרִית
    • العربية
    • فارسی
    • मराठी
    • हिन्दी
    • বাংলা
    • ગુજરાતી
    • தமிழ்
    • ಕನ್ನಡ
    • ภาษาไทย
    • 한국어
    • 日本語
    • 简体中文
    • 繁體中文
  • Have an account? Log in
    Have an account?
    · Forgot password?

    New to Twitter?
    Sign up
AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

Tweets

Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

Tweets

  • © 2018 Twitter
  • About
  • Help Center
  • Terms
  • Privacy policy
  • Cookies
  • Ads info
Dismiss
Previous
Next

Go to a person's profile

Saved searches

  • Remove
  • In this conversation
    Verified accountProtected Tweets @
Suggested users
  • Verified accountProtected Tweets @
  • Verified accountProtected Tweets @

Promote this Tweet

Block

  • Tweet with a location

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

    Your lists

    Create a new list


    Under 100 characters, optional

    Privacy

    Copy link to Tweet

    Embed this Tweet

    Embed this Video

    Add this Tweet to your website by copying the code below. Learn more

    Add this video to your website by copying the code below. Learn more

    Hmm, there was a problem reaching the server.

    By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.

    Preview

    Why you're seeing this ad

    Log in to Twitter

    · Forgot password?
    Don't have an account? Sign up »

    Sign up for Twitter

    Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen.

    Sign up
    Have an account? Log in »

    Two-way (sending and receiving) short codes:

    Country Code For customers of
    United States 40404 (any)
    Canada 21212 (any)
    United Kingdom 86444 Vodafone, Orange, 3, O2
    Brazil 40404 Nextel, TIM
    Haiti 40404 Digicel, Voila
    Ireland 51210 Vodafone, O2
    India 53000 Bharti Airtel, Videocon, Reliance
    Indonesia 89887 AXIS, 3, Telkomsel, Indosat, XL Axiata
    Italy 4880804 Wind
    3424486444 Vodafone
    » See SMS short codes for other countries

    Confirmation

     

    Welcome home!

    This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.

    Tweets not working for you?

    Hover over the profile pic and click the Following button to unfollow any account.

    Say a lot with a little

    When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.

    Spread the word

    The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.

    Join the conversation

    Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.

    Learn the latest

    Get instant insight into what people are talking about now.

    Get more of what you love

    Follow more accounts to get instant updates about topics you care about.

    Find what's happening

    See the latest conversations about any topic instantly.

    Never miss a Moment

    Catch up instantly on the best stories happening as they unfold.

    1. Austen Allred‏Verified account @AustenAllred Apr 21

      I call it “the Lambda Effect.” The biggest shocker for me in all of this is how reliably you can take someone from $20k/yr to $80k+/yr with a few thousand dollarspic.twitter.com/xgJea30GJ7

      5 replies 16 retweets 147 likes
    2. Jeff Lonsdale‏ @JeffLonsdale Apr 23
      Replying to @AustenAllred

      If someone earns 51k do they pay 8670 or 170? If the former, your system still has incentives where the marginal tax rate is >>100% in these cases. I assume you know how bad this is but the tradeoff you are currently picking is with keeping the system simple.

      2 replies 0 retweets 0 likes
    3. Austen Allred‏Verified account @AustenAllred Apr 23
      Replying to @JeffLonsdale

      If someone is earning $51k they’ll pay us $722.50/month. Still in a lower tax bracket, so take home is $40.1k or $3,300/month less state taxes. It’s tight, but it’s not >100%.

      1 reply 0 retweets 1 like
    4. Jeff Lonsdale‏ @JeffLonsdale Apr 23
      Replying to @AustenAllred

      Glad to hear it is reasonable. With other taxes and benefits losses that should still push their marginal significantly over 100%. But it sounds like your school is providing so much value & it is so much cheaper than alternatives that students shouldn’t mind.

      1 reply 0 retweets 0 likes
    5. Jeff Lonsdale‏ @JeffLonsdale Apr 23
      Replying to @JeffLonsdale @AustenAllred

      Oh, oops! Per month, I read that as per year last night. That's a huge/really significant disincentive. I wonder if you'll notice a very significant absence of students making between $50k & $70k in your numbers going forward.

      1 reply 0 retweets 0 likes
    6. Jeff Lonsdale‏ @JeffLonsdale Apr 23
      Replying to @JeffLonsdale @AustenAllred

      Apologies for the spam, but I don't think you understood what I meant by the concept of a marginal tax rate > 100%. https://www.investopedia.com/terms/m/marginaltaxrate.asp … In this case, the marginal dollar earned from 49.9 to 50 is hugely negative. The marginal $10k from 49 to 59 is even negative after taxes.

      1 reply 0 retweets 0 likes
      Austen Allred‏Verified account @AustenAllred Apr 23
      Replying to @JeffLonsdale

      I get what you’re saying but Lambda isn’t a tax rate so I was confused by what you meant. Yes, it’s possible to increase your salary by less than 17% and pay Lambda back 17%, but it’s never happened. Also, you keep the increase in income forever, not just for the two years.

      2:26 PM - 23 Apr 2018
      • 2 Likes
      • James Burns Jeff Lonsdale
      1 reply 0 retweets 2 likes
        1. New conversation
        2. Jeff Lonsdale‏ @JeffLonsdale Apr 23
          Replying to @AustenAllred

          I'm not challenging the overall value proposition for students and the system isn't weird around your $90k median. It's just noticeable when a designed incentive system makes certain scenarios very perverse.

          1 reply 0 retweets 0 likes
        3. Jeff Lonsdale‏ @JeffLonsdale Apr 23
          Replying to @JeffLonsdale @AustenAllred

          (And just FYI - a 50% fee on the marginal dollar after $50k until it catches up to a 17% total fee ends up being equivalent to your current fees just before pre-tax salary hits $76k. Above $76k no revenue would be lost.)

          0 replies 0 retweets 0 likes
        4. End of conversation

      Loading seems to be taking a while.

      Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

        Promoted Tweet

        false

        • © 2018 Twitter
        • About
        • Help Center
        • Terms
        • Privacy policy
        • Cookies
        • Ads info