formally of kbin.social

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Joined 5 months ago
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Cake day: June 3rd, 2024

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  • Don’t try to cheat the government. make sure you can say either you reported the large gift for tax purposes or the total is under 18k., if you must cheat you can take them on vecation and they use your gear for free but the plane ticket, meals and anything that could look like a gift is under the limit.

    tax fraud is something the irs takes serously and you never know when they look. Plus you are not sympathetic to a jury so prison is likely for you.

    if you give anyone more than 10k in a year (well under the limit) have your accountant deliver it all so there is plenty of evidence that you are not cheating. If you want to give over 18k have your accountant figure out how to do withholding so you friends don’t have a tax surprise.






  • If the valve (as opposed to flap) is gone that far, then a good modern water savings toilet isn’t that expensive and will probably flush better than the old one (good is key - there are many cheap toilets that don’t flush well!). Consider replacing the whole toilet instead. You can also get a toilet style you like (I personally hate high toilets, but some prefer them). I strongly recommend a bidet while you are doing this as well.

    I won’t say you should always replace the toilet vs just the valve, but it is something to consider - the effort is similar and the cost isn’t that much more. So if there is any reason to replace the toilet do it.


  • Step one, get an accountant, and lawyer. Things will get complex, and mistakes can result in spending more than you have which isn’t the goal. Thus an accountant to watch those numbers and keep me in the black. The big issue is taxes need to be paid so there needs to be enough left over to do that along with pay the accountant, but there will also be weird legal issues that come up.

    Second, the money goes to charity. How it gets there will be tricky though.

    The IRS looks at large donations and starts to assume I’m trying to dodge taxes by hiring a charity for something I’d do anyway - so my accountant will work with them to figure out what donation levels work for each that I care about. There are also some causes that I consider charity that do not meet the legal definition (often because they are political) and so the donation to them is still taxable (not that I’m trying to dodge taxes, but I’ll take advantage of anything that will help causes I care about)

    I will set aside some money as a fund for me. However I’ll only allow myself to withdraw from it as payment for work done for charity. projects like KDE or FreeBSD can always use more help. There is a summer camp I’ll volunteer for once in a while. Habitat for Humanity needs help… The important part is I need to put in 35 hours a week or I don’t get money from the fund (I will allow 2 months of vacation and that summer camp will get 80 hours/week when in session which I will bank for more vacation). The important part here is I need to stay busy - doctors tell me sitting around doing nothing when you retire is deadly so I’m not going to do that.

    Likely a lot of money will remain after I’m dead, so a trust fund will remain. However the instructions will be to drain the money as fast as possible. I know of several funds remaining from people who died 100+ years ago and the fund is now doing things I’m sure the original would oppose.