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

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

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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.