Aaron Hillegass
@hillegass.bsky.social
Teaches CS at Georgia Tech. Founder of Big Nerd Ranch. Author. Executive Director of the Kontinua Foundation.
When I was the boss and people would say "Let's make a change because it would solve these problems", it took a lot of imagination to guess what problems the change would *create*. The goal was always "solve more problems than we create" never perfection.
March 3, 2025 at 2:03 PM
When I was the boss and people would say "Let's make a change because it would solve these problems", it took a lot of imagination to guess what problems the change would *create*. The goal was always "solve more problems than we create" never perfection.
So, for example, I could lease land to grow Christmas trees and take the loss for seven years. Then, when a reasonable man was in the oval office, I could harvest the trees and get my money back?
January 24, 2025 at 5:07 PM
So, for example, I could lease land to grow Christmas trees and take the loss for seven years. Then, when a reasonable man was in the oval office, I could harvest the trees and get my money back?
I just have to spread the charitable giving out among more households, right?
January 24, 2025 at 3:41 PM
I just have to spread the charitable giving out among more households, right?
You have pointed out a significant flaw in my plan! Thank you. It looks like the limit for cash gifts is 60% of my adjusted gross income. Hmm.
January 24, 2025 at 3:21 PM
You have pointed out a significant flaw in my plan! Thank you. It looks like the limit for cash gifts is 60% of my adjusted gross income. Hmm.
During the next 4 years, I will pass the 59.5 year mark. This means that I will be able to withdraw money from my Roth IRA -- those withdrawals are not taxed.
January 24, 2025 at 2:56 PM
During the next 4 years, I will pass the 59.5 year mark. This means that I will be able to withdraw money from my Roth IRA -- those withdrawals are not taxed.
Yes, donating your entire salary to charity is something only the very fortunate can do. But it feels awfully good.
Maybe you can still do something. Maybe donate a big piece of your salary to a worthy organization? And pay less taxes to this fascist government? Every bit helps.
Maybe you can still do something. Maybe donate a big piece of your salary to a worthy organization? And pay less taxes to this fascist government? Every bit helps.
January 24, 2025 at 2:56 PM
Yes, donating your entire salary to charity is something only the very fortunate can do. But it feels awfully good.
Maybe you can still do something. Maybe donate a big piece of your salary to a worthy organization? And pay less taxes to this fascist government? Every bit helps.
Maybe you can still do something. Maybe donate a big piece of your salary to a worthy organization? And pay less taxes to this fascist government? Every bit helps.
If a lot of debt makes you nervous, you can do "tax harvesting". If you have an asset that has appreciated $100 and another that has lost $100 in value, you can sell them both and the loss offsets the capital gain. Zero taxes.
January 24, 2025 at 2:56 PM
If a lot of debt makes you nervous, you can do "tax harvesting". If you have an asset that has appreciated $100 and another that has lost $100 in value, you can sell them both and the loss offsets the capital gain. Zero taxes.
How to borrow against your assets? Get a home equity loan or use a margin account to borrow against your stock holdings. Interactive Brokers charges 1.5% above the benchmark, so about 5.6% right now. If you die with the assets+debt, your heirs actually get a tax break: www.dcfpi.org/all/how-weal...
How Wealthy Households Use a “Buy, Borrow, Die” Strategy to Avoid Taxes on Their Growing Fortunes
Capital gains are the profits generated from wealth such as stocks and real estate. Wealthy households can use the three-step “buy, borrow, die” strategy to get massive capital gains tax advantages.
www.dcfpi.org
January 24, 2025 at 2:56 PM
How to borrow against your assets? Get a home equity loan or use a margin account to borrow against your stock holdings. Interactive Brokers charges 1.5% above the benchmark, so about 5.6% right now. If you die with the assets+debt, your heirs actually get a tax break: www.dcfpi.org/all/how-weal...