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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


  • What does Atwater make?

    What do you mean, like, how much money does the company make?

    Oh, no, I mean what do we make?

    I don’t follow. We make money.

    No, I know we make money. I mean, what do we create?

    We create wealth.

    No, no, I mean, what do we build, what do we design, you know? Because I have some ideas that could really help the company.

    Charlie, Charlie, Charlie, we don’t build anything.




  • Here’s a verification of a video showing some of the aftermath of the attacks by The Washington Post. Since WaPo sometimes changes links on breaking stories, a copy is below.

    A graphic video verified by The Washington Post showed the aftermath of a deadly strike along Gaza’s main highway Friday, part of a wave of Israeli attacks that killed dozens and injured more than 200 people fleeing northern Gaza, according to the Palestinian Ministry of Health in Gaza.

    The video, recorded along Salah Al-Deen road, shows bodies,- including several young children- strewn along the road as black smoke rises from vehicles engulfed in flames. On the north-facing side of the road, bodies are laid out amid personal belongings, including a bicycle, on flatbed trailers attached to a truck.

    The video was first geolocated by open-source researchers Chris Osieck and Gabòr Friesen and confirmed by The Post.

    Late Thursday, Israel ordered the evacuation of northern Gaza’s 1.1 million residents within 24 hours, the United Nations said. On Friday, the Israeli military dropped leaflets over Gaza City telling residents to “evacuate your homes immediately and go to the south.”

    Hamas’s surprise incursion on Oct. 7 killed at least 1,300 people in Israel, authorities said. Palestinian officials said the subsequent Israeli strikes have killed more than 1,799 people in Gaza.

    The Israel Defense Forces did not have an immediate response.