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Joined 3 years ago
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Cake day: June 15th, 2023

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  • There is some truth to it, that exit tax is not calculated on future income, but is calculates on one’s net worth, including real estate, investments, and retirement funds. They are basically looking for people who have chunks of unrealized gains accrued while still citizens, then file to leave the country so that they can sell those assets without paying capital gains taxes on them. So, before leaving they make you pay taxes as if you sold it all.

    Yes, there are exceptions and exclusions that make it so most non-rich people wouldn’t owe anything, but it’s still up to you to prove that.

    There are services that specialize in this, I found this one with a good writeup here. Note that they are looking to sell their service here, so may be overestimating the impact of non-compliance.








  • The article lists an insane revenue of $1.6B, yet the losses are only on the order of $42M in the last 3 months. Against that much revenue, it looks to me like they are managing the company at a slight loss on purpose. They probably could close that gap if they wanted to, but have some favorable tax implications or something by running that “slight” loss.

    (And who knows, maybe this is part of the attempt to close that gap and show a profit before the founders cash out and it all gets sold to a Shittier company)











  • The more I think about it, though, the more I think this is a genuine discrimination case. If Uber had rolled this out and said “White drivers can choose to pick up only white passengers”, would that be OK? Or even “Male drivers can choose to only pick up male passengers”?

    Heck, I even think if they rolled this out and said “female users can choose a preference for only female drivers”, that might be able to fly, because it’s the buyer of the service expressing that view.

    But to me, for the people offering the service, there is no difference between this and someone who doesn’t want to make a cake for a gay wedding. When you are offering a service to the general public, you can’t really discriminate like that. Yes, I understand the safety thing. But a store that catered to women wouldn’t be able to bar men from entering at all. Why is a car service any different? Yes, drivers are using their own cars, but it is still a car service.

    You know what sucks the most about this? They’re probably gonna get sued over it, either by the Trump DOJ or some shitty Red State AG, who is probably gonna win.