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Cake day: June 9th, 2023

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  • The 2017 tax bill that the Republicans rammed through had a time bomb in it for software developers. Starting in 2022, companies could no longer expense R&D costs, and instead had to amortize them over 5 years. This has led to massive tax bills in 2023 for companies. I have no doubt that this is another major factor in the recent tech layoffs.

    Take an imaginary bootstrapped software business called “Acme Corp.” This company generates $1,000,000 of revenue per year running a SaaS service. It employs five engineers, and pays each $200,000. That is $1,000,000 paid in labor costs. For simplicity, we omit other costs like servers and hosting, even though those costs can also fall under the new R&D rules, and have to be amortized. So, how much taxable profit does this company make?

    In 2021, the answer would be zero profit. In 2022, the answer was $900,000 in profits(!!)

    https://newsletter.pragmaticengineer.com/p/the-pulse-will-us-companies-hire










  • The abhorrent details from another article:

    Lauren Pazienza spent the night of March 10 gallery-hopping with her fiancé in Manhattan’s Chelsea neighborhood in celebration of 100 days until their wedding, her fiancé told authorities, according to a court document.

    Pazienza had “several glasses of wine” during the evening before the pair stopped at a food cart for something to eat, according to the document filed by the Manhattan District Attorney’s Office.

    The pair went to Chelsea Park to eat their meal, but before they were done, an employee told them they would have to leave because the park was closing, the document said. Chelsea Park closes at 11 p.m.

    “The defendant became angry, started shouting and cursing at the park employee, threw her food onto her fiancé, and stormed out of the park,” according to prosecutors.

    Meanwhile, Pazienza “stormed” down the street and spotted Barbara Maier Gustern, prosecutors said.

    Gustern, “in what turned out to be her dying words” before she lost consciousness, told a friend that a woman with dark hair “ran across the straight,” directly toward her, called her a b---- and pushed her as hard she “had ever been hit in her life” toward a metal fence, prosecutors said.

    Gustern, according to a witness, “fell in an arc, falling directly on her head,” according to the Manhattan District Attorney’s Office.

    Pazienza “turned around and walked away, leaving Ms. Gustern prone on the sidewalk, bleeding from the head,” prosecutors said.

    Pazienza called her fiancé after the assault, he told authorities. When they reconnected, she picked a physical fight with him, accusing him of ruining her night, prosecutors said. He insisted the two head home, but security video from the area showed that Pazienza stayed in the area long enough to watch the ambulance arrive for Gustern.

    She later told her fiancé what she had done, he told authorities. When he asked her why she would do such a thing, she said the woman "might have said something” to her.