I moved my money out before the account got transferred from GE Capital to Goldman Sachs. I'm not sure if I will return the money to this account. I don't like my savings being used by the same corporation that was responsible for the Great Recession.
I suspect your reasoning is deeply flawed. Google doesn't have a retail operation in multiple sales tax jurisdictions. The company gift shops that sells Google-branded items don't count.
Figure 8% rate of return, assume it all happened 40 years ago, and we find he dumped in something like $20K/year (wild approximation, but not that wild), pretty impressive for a guy with a low income investing what he can after taxes.
CNBC did a break down of the numbers.
For example, to reach Read's $8 million fortune, Hogan calculated that investors would have to invest about $300 a month at an 8 percent interest rate over 65 years.
bay area prices, its deeply into poverty. you could not live on that, on a single income, in the bay area.
I live in Silicon Valley, make $50,000 (or less) per year and rent a studio apartment. It helps to live a modest lifestyle, have fewer tech toys and save for the future.
I make slightly over $50,000 per year in Silicon Valley. If I wasn't working in government IT, I could make about 40% in pay but without the job security of a multi-year, fully funded contract. OT rules doesn't apply to me anyway. All my employment contracts for the last 12+ years have prohibited me from working more than 40 hours a week. Neither the public nor private sectors want to pay overtime.
You're not actually talking about a normal taxpayer, you're talking about someone who has focused their life into becoming an investor and avoiding taxes.
The normal taxpayer goes to work for earn income and pays the highest tax rate. It's going to to get worst in the next 20 years as retirees outnumber the workforce, the two-thirds of the federal budget will got to Social Security and Medicare, and taxes will go way up to pay for everything else. I don't plan to be a normal taxpayer in the next 20 years, especially when the tax code allows other options that are perfectly legal.
I want real entrepreneurs focusing on building businesses, not structuring their wealth to avoid taxes.
Real entrepreneurs structure their businesses and their wealth within the framework of the law. A lower tax rate is part of the deal for taking risks that the normal taxpayer doesn't want to take.
The problem is this "trick" actually requires a ton of work and a bunch of risk, you've basically designed your life around working the tax laws and it requires enough wealth to invest in things like rental properties.
It's called being entrepreneur.
A small or medium sized business can't afford to open a separate office in Reno just to reduce their tax bill.
A small business don't need to run a physical office in Nevada. A PO box and a mail forwarding service can do the job for a few hundred bucks per year. Most states won't have a problem with it. California, of course, is always problematic because they're trying to collect revenue from everyone and anything that moves.
Like the java virtual machine, for which you compile to BYTE CODE!!!1!
Serpent, maybe?
Serpent is a real-time scripting language inspired by Python but completely reimplemented to support real-time garbage collection and multiple instances of the virtual machines running on independent threads.
When I worked at the Google help desk in 2008, one of the old timers who trained the new staff members told us about Area 51, which was also called Building 51 on some of the older campus maps. That was the nickname for the Sports Page sports bar off of Shoreline Boulevard at the far edge of the campus. I was told then that Molly Magees Irish pub in downtown Mountain View was the go to spot for Goolgers at that time, but they had to be careful not to discuss business as Yahooers also hung out there.
You mean the storage room at the local hospital that was stacked floor-to-ceiling with old computer parts that no one in IT had seen the floor in eight years? I got paid very well to clean up that shit hole.
You underestimate just how screwed most of America is. 40 years now of declining wages, a labor market that favors employers and an entire society where job quality and quality of life are the same thing sorta do that to most.
I want to introduced you to Ronald Read, a 92-year-old Vermont man who worked as a gas station attendant for most of his life and a janitor at J.C. Penny towards the end. He passed away last year leaving behind an $8M fortune in dividend-paying stocks that he bought with a little bit of cash from each paycheck since the early 1970's. He lived such a modest lifestyle that most people thought he was poor. The only outward sign of his wealth was a subscription to the Wall Street Journal. He left the bulk of wealth to the local hospital and library.
As an old guy, you realize that there's serious money to be made cleaning up after the kids.
My first IT job was a Token Ring to Ethernet conversion project. A real simple job of removing the coaxial cable from between the Token Ring card and the wall plug, plugging in the Ethernet cable between the motherboard port and the wall, and testing the video app that required the extra bandwidth. We had 300 systems. I took 150 on one side, the two fresh out of high school kids took 150 on the other side. When I started overlapping the computers that they did and noticed that the video app didn't work, I checked the cable connection. The kids plugged the Ethernet cable into the Token Ring card that uses either coaxial or twisted pair cabling and not the motherboard port. Because they didn't test the video app, they never found their mistake. All the computers they touched were like that, and none of the computers in the offices were touched. The worse part was that the project let them go for the night without checking their work.
I made an extra four hours in OT that night for cleaning up after the kids. Whenever I get hired on a new job, I look for a mess to clean up. That's where the real money lies.
Being an old white male means your life must be perfect.
If you're old fat white male coming in to an interview, forget about it. I've never been hired after an in-person interview in the last ten years. However, if I get hired over the phone and show up for work, the hiring manager will look at me, look at my stellar resume, and wondered if he made a mistake. Doesn't take me long to prove that my stellar resume is what I claim it to be.
My current job is computer security in government IT. When the nation-wide team got assembled two years ago, many were hired based on resumes with 10 to 20 years of IT experience. The youngest in my work group is 33, most of us are in our 40's, and the oldest is 66. As for the local facility I'm assigned at, I'm one of the youngest grey beards in the IT department.
Slashdot Mirror
My credit union has a higher interest rate than the 1.05% currently being offered by GS Bank.
I moved my money out before the account got transferred from GE Capital to Goldman Sachs. I'm not sure if I will return the money to this account. I don't like my savings being used by the same corporation that was responsible for the Great Recession.
I suspect that this is not actually the case.
I suspect your reasoning is deeply flawed. Google doesn't have a retail operation in multiple sales tax jurisdictions. The company gift shops that sells Google-branded items don't count.
Figure 8% rate of return, assume it all happened 40 years ago, and we find he dumped in something like $20K/year (wild approximation, but not that wild), pretty impressive for a guy with a low income investing what he can after taxes.
CNBC did a break down of the numbers.
For example, to reach Read's $8 million fortune, Hogan calculated that investors would have to invest about $300 a month at an 8 percent interest rate over 65 years.
http://www.cnbc.com/2015/02/09/heres-how-a-janitor-amassed-an-8m-fortune.html
Where did he say that he's flipping burgers? The IT systems for most fast-food chains are pretty complex.
OP wrote restaurant, not chain. Hence, hamburger flipper.
bay area prices, its deeply into poverty. you could not live on that, on a single income, in the bay area.
I live in Silicon Valley, make $50,000 (or less) per year and rent a studio apartment. It helps to live a modest lifestyle, have fewer tech toys and save for the future.
I collected it decades ago for anything over 40 hours.
My contract job for government IT prohibits me from working more than 40 hours a week.
I make slightly over $50,000 per year in Silicon Valley. If I wasn't working in government IT, I could make about 40% in pay but without the job security of a multi-year, fully funded contract. OT rules doesn't apply to me anyway. All my employment contracts for the last 12+ years have prohibited me from working more than 40 hours a week. Neither the public nor private sectors want to pay overtime.
Only at the event horizon.
It's indeterminate. ;)
The problem is undetermined.
Here's a list. Only 30 out of the top 360 packages aren't ready for Python 3.
http://py3readiness.org/
You're not actually talking about a normal taxpayer, you're talking about someone who has focused their life into becoming an investor and avoiding taxes.
The normal taxpayer goes to work for earn income and pays the highest tax rate. It's going to to get worst in the next 20 years as retirees outnumber the workforce, the two-thirds of the federal budget will got to Social Security and Medicare, and taxes will go way up to pay for everything else. I don't plan to be a normal taxpayer in the next 20 years, especially when the tax code allows other options that are perfectly legal.
I want real entrepreneurs focusing on building businesses, not structuring their wealth to avoid taxes.
Real entrepreneurs structure their businesses and their wealth within the framework of the law. A lower tax rate is part of the deal for taking risks that the normal taxpayer doesn't want to take.
The problem is this "trick" actually requires a ton of work and a bunch of risk, you've basically designed your life around working the tax laws and it requires enough wealth to invest in things like rental properties.
It's called being entrepreneur.
A small or medium sized business can't afford to open a separate office in Reno just to reduce their tax bill.
A small business don't need to run a physical office in Nevada. A PO box and a mail forwarding service can do the job for a few hundred bucks per year. Most states won't have a problem with it. California, of course, is always problematic because they're trying to collect revenue from everyone and anything that moves.
Like the java virtual machine, for which you compile to BYTE CODE!!!1!
Serpent, maybe?
Serpent is a real-time scripting language inspired by Python but completely reimplemented to support real-time garbage collection and multiple instances of the virtual machines running on independent threads.
https://sourceforge.net/projects/serpent/
Too bad van Rossum fucked up the transition to version 3.
If you're still running Python 2 code, you should into the mirror see where the problem lies. Python 3 is working just fine these days.
Learn how to use a compiled language like Java.
If you have a need for speed, compile Python code to C binary with Cython.
http://cython.org/
Works as long as what you make in that language won't get too big.
Two million lines of code for DropBox is pretty impressive for a script kiddie language.
When I worked at the Google help desk in 2008, one of the old timers who trained the new staff members told us about Area 51, which was also called Building 51 on some of the older campus maps. That was the nickname for the Sports Page sports bar off of Shoreline Boulevard at the far edge of the campus. I was told then that Molly Magees Irish pub in downtown Mountain View was the go to spot for Goolgers at that time, but they had to be careful not to discuss business as Yahooers also hung out there.
You mean the storage room at the local hospital that was stacked floor-to-ceiling with old computer parts that no one in IT had seen the floor in eight years? I got paid very well to clean up that shit hole.
You underestimate just how screwed most of America is. 40 years now of declining wages, a labor market that favors employers and an entire society where job quality and quality of life are the same thing sorta do that to most.
I want to introduced you to Ronald Read, a 92-year-old Vermont man who worked as a gas station attendant for most of his life and a janitor at J.C. Penny towards the end. He passed away last year leaving behind an $8M fortune in dividend-paying stocks that he bought with a little bit of cash from each paycheck since the early 1970's. He lived such a modest lifestyle that most people thought he was poor. The only outward sign of his wealth was a subscription to the Wall Street Journal. He left the bulk of wealth to the local hospital and library.
http://www.businessinsider.com/ronald-read-secret-millionaire-2015-2
As an old guy, you realize that there's serious money to be made cleaning up after the kids.
My first IT job was a Token Ring to Ethernet conversion project. A real simple job of removing the coaxial cable from between the Token Ring card and the wall plug, plugging in the Ethernet cable between the motherboard port and the wall, and testing the video app that required the extra bandwidth. We had 300 systems. I took 150 on one side, the two fresh out of high school kids took 150 on the other side. When I started overlapping the computers that they did and noticed that the video app didn't work, I checked the cable connection. The kids plugged the Ethernet cable into the Token Ring card that uses either coaxial or twisted pair cabling and not the motherboard port. Because they didn't test the video app, they never found their mistake. All the computers they touched were like that, and none of the computers in the offices were touched. The worse part was that the project let them go for the night without checking their work.
I made an extra four hours in OT that night for cleaning up after the kids. Whenever I get hired on a new job, I look for a mess to clean up. That's where the real money lies.
I'm going to assume you are willing to move.
I'm going to assume you are willing to pay for my relocation. If not, then you aren't serious.
Being an old white male means your life must be perfect.
If you're old fat white male coming in to an interview, forget about it. I've never been hired after an in-person interview in the last ten years. However, if I get hired over the phone and show up for work, the hiring manager will look at me, look at my stellar resume, and wondered if he made a mistake. Doesn't take me long to prove that my stellar resume is what I claim it to be.
My current job is computer security in government IT. When the nation-wide team got assembled two years ago, many were hired based on resumes with 10 to 20 years of IT experience. The youngest in my work group is 33, most of us are in our 40's, and the oldest is 66. As for the local facility I'm assigned at, I'm one of the youngest grey beards in the IT department.