somervta comments on Reply to Holden on The Singularity Institute - Less Wrong

46 Post author: lukeprog 10 July 2012 11:20PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (213)

You are viewing a single comment's thread. Show more comments above.

Comment author: somervta 10 July 2012 01:01:50AM 1 point [-]

He may be referring to the practice of being paid for work, then giving it back as a tax-deductible charitable donation. My understanding is that you can also deduct expenses you incur while working for a non-profit - admittedly not something I can see applying to accounting. There's also cause marketing, but that's getting a bit further afield.

Comment author: GuySrinivasan 10 July 2012 02:02:45AM 2 points [-]

In the one instance of a non-profit getting accounting work done that I know of, the non-profit paid and then received an equal donation. Magic.

Comment author: Eliezer_Yudkowsky 11 July 2012 12:04:28AM 3 points [-]

This is exactly equivalent to not paying, which is precisely the IRS rationale for why donated services aren't directly deductible.

Comment author: lukeprog 10 July 2012 01:12:11AM 0 points [-]

"the big four accounting firms often do pro bono work because it can be a tax write-off" doesn't sound much like "being paid for work, then giving it back as a tax-deductible charitable donation".

Comment author: RobertLumley 10 July 2012 01:56:56PM 1 point [-]

In talking to him, I think he may have just known they do pro bono work and assumed it was because of taxes. Given Vaniver's comment, this seems pretty likely to me. He did say that the request usually has to originate from inside the company, which is consistent with that comment.

Comment author: somervta 13 July 2012 12:30:17AM 0 points [-]

Ah. That would make more sense.