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Hacker NewsThe time bomb in the tax code that's fueling mass tech layoffs<a href="https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502" rel="nofollow noopener" translate="no" target="_blank">https://qz.com/tech-layoffs-tax-code-trump-section-174-microsoft-meta-1851783502</a><a href="https://mastodon.social/tags/HackerNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#HackerNews</a> <a href="https://mastodon.social/tags/techlayoffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#techlayoffs</a> <a href="https://mastodon.social/tags/taxcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxcode</a> <a href="https://mastodon.social/tags/employment" class="mention hashtag" rel="nofollow noopener" target="_blank">#employment</a> <a href="https://mastodon.social/tags/crisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#crisis</a> <a href="https://mastodon.social/tags/economicimpact" class="mention hashtag" rel="nofollow noopener" target="_blank">#economicimpact</a> <a href="https://mastodon.social/tags/innovation" class="mention hashtag" rel="nofollow noopener" target="_blank">#innovation</a> <a href="https://mastodon.social/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#news</a>

Nonilex<a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#Trump</a> already has the weight of the <a href="https://masto.ai/tags/ExecutiveBranch" class="mention hashtag" rel="nofollow noopener" target="_blank">#ExecutiveBranch</a> behind his efforts to strip funding from top <a href="https://masto.ai/tags/universities" class="mention hashtag" rel="nofollow noopener" target="_blank">#universities</a>, <a href="https://masto.ai/tags/deport" class="mention hashtag" rel="nofollow noopener" target="_blank">#deport</a> millions of unauthorized <a href="https://masto.ai/tags/immigrants" class="mention hashtag" rel="nofollow noopener" target="_blank">#immigrants</a> & pressure <a href="https://masto.ai/tags/ForeignGovernments" class="mention hashtag" rel="nofollow noopener" target="_blank">#ForeignGovernments</a> to change their economic policies.With the sprawling bill that passed through the <a href="https://masto.ai/tags/House" class="mention hashtag" rel="nofollow noopener" target="_blank">#House</a> on Thurs, <a href="https://masto.ai/tags/Republicans" class="mention hashtag" rel="nofollow noopener" target="_blank">#Republicans</a> are also preparing to enlist the <a href="https://masto.ai/tags/TaxCode" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxCode</a> as another tool against Trump’s political foes.<a href="https://masto.ai/tags/law" class="mention hashtag" rel="nofollow noopener" target="_blank">#law</a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#RevengePolitics</a> <a href="https://www.nytimes.com/2025/05/23/us/politics/republicans-taxes-trump-opponents.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=D8897650-C8DC-4320-B385-DFA3B3D729D8" rel="nofollow noopener" translate="no" target="_blank">https://www.nytimes.com/2025/05/23/us/politics/republicans-taxes-trump-opponents.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=D8897650-C8DC-4320-B385-DFA3B3D729D8</a>

Church of Jeff<a href="https://mastodon.world/tags/NoBillionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#NoBillionaires</a> <a href="https://mastodon.world/tags/TaxTheRich" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxTheRich</a> <a href="https://mastodon.world/tags/EatTheRich" class="mention hashtag" rel="nofollow noopener" target="_blank">#EatTheRich</a> <a href="https://mastodon.world/tags/GuillotinesWork" class="mention hashtag" rel="nofollow noopener" target="_blank">#GuillotinesWork</a> <a href="https://mastodon.world/tags/TheDailyShow" class="mention hashtag" rel="nofollow noopener" target="_blank">#TheDailyShow</a> <a href="https://mastodon.world/tags/Poverty" class="mention hashtag" rel="nofollow noopener" target="_blank">#Poverty</a> <a href="https://mastodon.world/tags/EndPoverty" class="mention hashtag" rel="nofollow noopener" target="_blank">#EndPoverty</a> <a href="https://mastodon.world/tags/TaxCode" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxCode</a> “Poverty, by America” author Matthew Desmond shares how the US could end poverty if the top 1% of Americans just paid the taxes they owed

⚯ Michel de Cryptadamus ⚯the giant pot of bitcoins bought with leverage and the money of retail suckers that masquerades as a company known as <a href="https://universeodon.com/tags/MicroStrategy" class="mention hashtag" rel="nofollow noopener" target="_blank">#MicroStrategy</a> (<a href="https://universeodon.com/tags/MSTR" class="mention hashtag" rel="nofollow noopener" target="_blank">#MSTR</a>) has a massive tax problem and has run to the IRS for help. They teamed up with <a href="https://universeodon.com/tags/Coinbase" class="mention hashtag" rel="nofollow noopener" target="_blank">#Coinbase</a> and wrote a 76 page Very Angry Letter about how they cannot possibly be expected to follow the tax code as written.(tl;dr the value of their bitcoins went up and they don't want to pay taxes on them despite taking an absolutely *massive* tax impairment a year or two ago when their bitcoins had gone down)For bonus points consider that the CEO of MicroStrategy <a href="https://universeodon.com/tags/MichaelSaylor" class="mention hashtag" rel="nofollow noopener" target="_blank">#MichaelSaylor</a> was personally busted for massive tax fraud and had to pay a $51 million fine just a few months ago.* WSJ: <a href="https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04" rel="nofollow noopener" translate="no" target="_blank">https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04</a> * no paywall: <a href="https://archive.ph/U4LQC" rel="nofollow noopener" translate="no" target="_blank">https://archive.ph/U4LQC</a> * 76 page letter: <a href="https://legacy.www.documentcloud.org/documents/25504499-coinbase-and-microstrategy-letter-to-the-irs-2024-0046-0028_attachment_1" rel="nofollow noopener" translate="no" target="_blank">https://legacy.www.documentcloud.org/documents/25504499-coinbase-and-microstrategy-letter-to-the-irs-2024-0046-0028_attachment_1</a><a href="https://universeodon.com/tags/IRS" class="mention hashtag" rel="nofollow noopener" target="_blank">#IRS</a> <a href="https://universeodon.com/tags/taxes" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxes</a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#crypto</a> <a href="https://universeodon.com/tags/cryptocurrency" class="mention hashtag" rel="nofollow noopener" target="_blank">#cryptocurrency</a> <a href="https://universeodon.com/tags/MichaelSaylor" class="mention hashtag" rel="nofollow noopener" target="_blank">#MichaelSaylor</a> <a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#uspol</a> <a href="https://universeodon.com/tags/taxcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxcode</a> <a href="https://universeodon.com/tags/tax" class="mention hashtag" rel="nofollow noopener" target="_blank">#tax</a> <a href="https://universeodon.com/tags/finance" class="mention hashtag" rel="nofollow noopener" target="_blank">#finance</a> <a href="https://universeodon.com/tags/economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#economics</a> <a href="https://universeodon.com/tags/stockmarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#stockmarket</a> <a href="https://universeodon.com/tags/bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#bitcoin</a> <a href="https://universeodon.com/tags/btc" class="mention hashtag" rel="nofollow noopener" target="_blank">#btc</a> <a href="https://universeodon.com/tags/corruption" class="mention hashtag" rel="nofollow noopener" target="_blank">#corruption</a>

Crypto NewsCoin Center Wins Right to Sue U.S. Treasury, IRS Again Over Controversial Tax Reporting Rule - Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department... - <a href="https://www.coindesk.com/policy/2024/08/19/coin-center-wins-right-to-sue-us-treasury-irs-again-over-controversial-tax-reporting-rule/?utm_medium=referral&utm_source=rss&utm_campaign=headlines" rel="nofollow noopener" translate="no" target="_blank">https://www.coindesk.com/policy/2024/08/19/coin-center-wins-right-to-sue-us-treasury-irs-again-over-controversial-tax-reporting-rule/?utm_medium=referral&utm_source=rss&utm_campaign=headlines</a> <a href="https://schleuss.online/tags/regulations" class="mention hashtag" rel="nofollow noopener" target="_blank">#regulations</a> <a href="https://schleuss.online/tags/coincenter" class="mention hashtag" rel="nofollow noopener" target="_blank">#coincenter</a> <a href="https://schleuss.online/tags/taxcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxcode</a> <a href="https://schleuss.online/tags/policy" class="mention hashtag" rel="nofollow noopener" target="_blank">#policy</a> <a href="https://schleuss.online/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#news</a>

Susan Larson ♀️🏳️‍🌈🏳️‍⚧️🌈<a href="https://mastodon.online/tags/VicePresident" class="mention hashtag" rel="nofollow noopener" target="_blank">#VicePresident</a> <a href="https://mastodon.online/tags/KamalaHarris" class="mention hashtag" rel="nofollow noopener" target="_blank">#KamalaHarris</a>' <a href="https://mastodon.online/tags/economic" class="mention hashtag" rel="nofollow noopener" target="_blank">#economic</a> <a href="https://mastodon.online/tags/plan" class="mention hashtag" rel="nofollow noopener" target="_blank">#plan</a> features new <a href="https://mastodon.online/tags/tax" class="mention hashtag" rel="nofollow noopener" target="_blank">#tax</a> <a href="https://mastodon.online/tags/cuts" class="mention hashtag" rel="nofollow noopener" target="_blank">#cuts</a>, <a href="https://mastodon.online/tags/housing" class="mention hashtag" rel="nofollow noopener" target="_blank">#housing</a> <a href="https://mastodon.online/tags/incentives" class="mention hashtag" rel="nofollow noopener" target="_blank">#incentives</a> and <a href="https://mastodon.online/tags/pricecaps" class="mention hashtag" rel="nofollow noopener" target="_blank">#pricecaps</a>. Any <a href="https://mastodon.online/tags/changes" class="mention hashtag" rel="nofollow noopener" target="_blank">#changes</a> to the <a href="https://mastodon.online/tags/taxcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxcode</a> require <a href="https://mastodon.online/tags/congressional" class="mention hashtag" rel="nofollow noopener" target="_blank">#congressional</a> <a href="https://mastodon.online/tags/approval" class="mention hashtag" rel="nofollow noopener" target="_blank">#approval</a>, and depend heavily on which <a href="https://mastodon.online/tags/party" class="mention hashtag" rel="nofollow noopener" target="_blank">#party</a> controls the <a href="https://mastodon.online/tags/House" class="mention hashtag" rel="nofollow noopener" target="_blank">#House</a> and <a href="https://mastodon.online/tags/Senate" class="mention hashtag" rel="nofollow noopener" target="_blank">#Senate</a>. <a href="https://mastodon.online/tags/Vote" class="mention hashtag" rel="nofollow noopener" target="_blank">#Vote</a>! <a href="https://www.cnbc.com/2024/08/16/kamala-harris-economic-policy.html" rel="nofollow noopener" translate="no" target="_blank">https://www.cnbc.com/2024/08/16/kamala-harris-economic-policy.html</a>

Kito D. MannThis came out a while back, but it's definitely worth a read if you haven't yet. It explains one of the driving factors for layoffs at US companies. We ran into this unexpected tax code change at virtua.tech as well, and it definitely had a negative impact. The Pulse: Will US companies hire fewer engineers due to Section 174? <a href="https://buff.ly/3H7RoCr" rel="nofollow noopener" translate="no" target="_blank">https://buff.ly/3H7RoCr</a> <a href="https://mastodon.social/tags/taxcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxcode</a> <a href="https://mastodon.social/tags/layoffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#layoffs</a>

jacqueline<a href="https://qoto.org/@cweickhmann" class="u-url mention" rel="nofollow noopener" target="_blank">@cweickhmann</a> "(...) The establishment of a non-profit foundation under US tax law (501(c)(3)) by <a href="https://fosstodon.org/tags/Mastodon" class="mention hashtag" rel="nofollow noopener" target="_blank">#Mastodon</a> gGmbH should ideally wake up the <a href="https://fosstodon.org/tags/BMF" class="mention hashtag" rel="nofollow noopener" target="_blank">#BMF</a> to finally expand §52 <a href="https://fosstodon.org/tags/TaxCode" class="mention hashtag" rel="nofollow noopener" target="_blank">#TaxCode</a> to include a few contemporary non-profit statuses. The development and free provision of free <a href="https://fosstodon.org/tags/OpenSource" class="mention hashtag" rel="nofollow noopener" target="_blank">#OpenSource</a> software (<a href="https://fosstodon.org/tags/FOSS" class="mention hashtag" rel="nofollow noopener" target="_blank">#FOSS</a>) should be one of them. (...)a loud cry for a certain systematization and principle orientation of the non-profit regulations in Germany. (...)"

Crypto NewsIRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves - The U.S. Internal Revenue Services (IRS) has previewed what crypto investors' future tax ... - <a href="https://www.coindesk.com/policy/2024/04/19/irs-unveils-form-your-broker-may-send-next-year-to-report-your-crypto-moves/?utm_medium=referral&utm_source=rss&utm_campaign=headlines" rel="nofollow noopener" translate="no" target="_blank">https://www.coindesk.com/policy/2024/04/19/irs-unveils-form-your-broker-may-send-next-year-to-report-your-crypto-moves/?utm_medium=referral&utm_source=rss&utm_campaign=headlines</a> <a href="https://schleuss.online/tags/internalrevenueservice" class="mention hashtag" rel="nofollow noopener" target="_blank">#internalrevenueservice</a> <a href="https://schleuss.online/tags/regulations" class="mention hashtag" rel="nofollow noopener" target="_blank">#regulations</a> <a href="https://schleuss.online/tags/rulemaking" class="mention hashtag" rel="nofollow noopener" target="_blank">#rulemaking</a> <a href="https://schleuss.online/tags/taxcode" class="mention hashtag" rel="nofollow noopener" target="_blank">#taxcode</a> <a href="https://schleuss.online/tags/policy" class="mention hashtag" rel="nofollow noopener" target="_blank">#policy</a> <a href="https://schleuss.online/tags/news" class="mention hashtag" rel="nofollow noopener" target="_blank">#news</a>

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