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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 14 Aug 2018
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      JJ 「cιtιƶεɳƒιvε」  🏴‍☠️ Retweeted Ryan Mac  🙃

      not that it makes the tax code any less of a clusterfuck but if you read one paragraph above the screenshot it makes sense (to the extent, again, that US tax code makes any sense, which hahahaha it doesn’t and CPAs like it that way but)https://twitter.com/RMac18/status/1029242529588248576 …

      JJ 「cιtιƶεɳƒιvε」  🏴‍☠️ added,

      Ryan Mac  🙃Verified account @RMac18
      Nothing like a trillion-dollar company avoiding taxes by using the legal system to argue that its $1 billion headquarters are worth $200. Two. Hundred. Dollars. https://www.sfchronicle.com/business/article/Want-a-lower-tax-bill-So-do-Apple-and-Genentech-13148121.php … pic.twitter.com/25q7bjU2Ui
      Show this thread
      2 replies 1 retweet 7 likes
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    2. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 14 Aug 2018
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      i must say i am becoming concerned about the state of our bluechecks, especially ones hailing from respected schools is it a literacy crisis? a soy-born brain parasite? HAVE YOU BEEN ENSLAVED IN HOTTAKE SWEATSHOPS WITH NEITHER SUFFICIENT TIME NOR GRUEL? i want to help if i can

      1 reply 0 retweets 4 likes
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    3. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 14 Aug 2018
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      (the above is not directed particularly at @rmac18, as this is not super egregious and in any case i’ve never seen him before. there are, ahem, certain bluechecks however, who are flagrant and repeat offenders and should have their degrees revoked pending some remediation imo...)

      1 reply 0 retweets 1 like
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    4. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 14 Aug 2018
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      JJ 「cιtιƶεɳƒιvε」  🏴‍☠️ Retweeted JJ 「cιtιƶεɳƒιvε」  🏴‍☠️

      anyway this is the gist. the same thing just scaled up that every small biz owner does with laptops and vehicles and shit where a part-time thing can net you a $30k writeoff easy. it’s not a special apple / megacorp thing per se, just spaghetticode shithttps://twitter.com/ctzn5/status/1029594849614462977?s=21 …

      JJ 「cιtιƶεɳƒιvε」  🏴‍☠️ added,

      JJ 「cιtιƶεɳƒιvε」  🏴‍☠️ @CTZN5
      Replying to @brianball @RMac18
      it’s neither, they’re using the (massive and designed for this kind of thing, to the benefit of corps and CPAs) tax code — the total value is the property value minus the “deprecation credit” you get for all the shit inside, and they’re claiming lots of that one
      1 reply 0 retweets 2 likes
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    5. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 14 Aug 2018
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      the criminals here are HR Block and Turbotax folks and whoever preceded them who lobby successfully against anything that simplifies or reduces the code or makes it easier to file without their help navigating this literal societal cancer

      1 reply 1 retweet 30 likes
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    6. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 14 Aug 2018
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      fun fact in japan your taxes get filed automatically, it’s not even a thing you think about, and there’s DEFINITELY not an industry that generates $10 billion in profit to send the government a bunch of papers one day out of the year to tell it shit it *already knows*

      9 replies 141 retweets 467 likes
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      Patrick McKenzie‏ @patio11 14 Aug 2018
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      Replying to @CTZN5 @naval

      This is materially untrue. The local equivalents of W-2s don’t see their tax compliance payment because their company filed all the paperwork. That paperwork still exists. When I owned a company, it cost me $500 to move money from my left pocket to my right pocket every month.

      11:10 PM - 14 Aug 2018
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      • @micahstubbs Thomas Villa Rogs says test everyone Oren Sivan your own personal swaevior Johann Savalle / Yasha Solutions
      1 reply 0 retweets 7 likes
        1. New conversation
        2. Patrick McKenzie‏ @patio11 14 Aug 2018
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          Replying to @patio11 @CTZN5 @naval

          When HR asks you for how much money you spent on life insurance in the year for your EOY Tax Adjustment, what do you think happens to that number? Answer: HR writes it on your tax return and calculates it to adjust your withholding number then pays out the adjustment as needed.

          1 reply 0 retweets 1 like
        3. JJ 「cιtιƶεɳƒιvε」  🏴‍☠️‏ @CTZN5 15 Aug 2018
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          Replying to @patio11 @naval

          you've filed taxes in the US before tho right like ideally as both private citizen and as business owner

          0 replies 0 retweets 0 likes
        4. End of conversation

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