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Joined 3 years ago
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Cake day: June 26th, 2023

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  • Write-offs are deductions from income, not reductions in taxes owed. They only get to deduct the taxes they would have paid if they had kept the donations.

    Let’s imagine their annual income was $10,000,000. Their nominal tax rate would have them owing $2,100,000.

    If they received a $100,000 in donations, that would make their income 10,100,000. But with the donations they could write off the 100 grand, reducing their tax bill by $21,000, for a total of $2,100,000.

    Either way, they pay the same in taxes with or without the donations.


  • That’s not how tax deductions work. All the write-offs allow is for them to not count the money donated as income, so they make the same amount of money on the sale whether or not you donate.

    The benefit to the company is PR or donating to a non-profit with a mission that aligns with their corporate goals. For instance, Bass Pro may ask you to donate to wildlands preservation non-profits that maintain environments in which people fish and hunt.






  • Insurance companies make deals with hospitals along the lines of “We’ll pay 1k for this procedure which should cost 300 bucks, or 40% of your standard rates, whichever is lower.” So the standard rate becomes $2500.

    Then the insurance company will require a 40% “copay” based on the standard rates, and the patient ends up paying the $1000 and the insurance company doesn’t pay shit despite collecting hundreds a month in premiums.

    If you tell them you don’t have insurance they’ll frequently discount the fee to the $300 it should cost.








  • I’m a municipal worker and we just had a huge meeting about this. It’s a tough nut to Crack, because enforcement of the existing laws are almost impossible, and we’re trying to find a solution.

    The issue police are having with ebike violations is probable cause. Police can’t and shouldn’t be allowed to arbitrarily stop someone.

    Depending on the classification of ebike (which can’t be established visually) there’s different rules on whether it has age requirements, whether it’s allowed to be used with a throttle instead of pedals, and what the max assisted speed is. They also can’t visually verify the bike is under 750 watts or what age the rider is.

    And even if they’re going over 28mph (max assisted speed on any ebike), that doesn’t necessarily mean it’s not an ebike. Maybe they’re going that fast because they pedaled really hard unassisted or just got off a steep hill.

    We have hundreds of kids of all ages in our community essentially riding electric motorcycles all over town and a lot of them are getting hurt, and unless the police see them running a stop sign, they can’t do shit. And even then they have a policy not to because chasing a teenager in a bike with a police car isn’t going to be safer than ignoring it.

    Right now, we’re trying to convince the school district (school districts are entirely separate governmetal bodies from cities in our state) to require registration for ebikes kept at the school so they can inspect those bikes to at least verify they’re legal and age-check the kids on the class 3 bikes.