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Joined 1 year ago
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Cake day: June 21st, 2023

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  • bloated IT budgets

    Can you point me to one of these companies?

    In general IT is run as a “cost center” which means they have to scratch and save everywhere they can. Every IT department I have seen is under staffed and spread too thin. Also, since it is viewed as a cost, getting all teams to sit down and make DR plans (since these involve the entire company, not just IT) is near impossible since “we may spend a lot of time and money on a plan we never need”.


  • The uber rich spending is generally via “business expenses”.

    For example: Elon doesn’t own his private jets, SpaceX does. When he takes it down to Hawaii for a 15 minute investor meeting followed by hanging out with them for the weekend at the nicest hotels with all the fixings and flys back, that’s all business expenses that he “derived no personal benefit from”, so SpaceX writes it all off as a business expense, thus reducing their tax burden and he never personally gets taxed for it.

    A less egregious example that happens considerably more: a person has a rental property that resides between their normal living area, which they consider the “home office”, and an area of interest they travel too. They go to the area of interest, but make sure to stop by the rental on the way there and back. The milage from the home to the rental is business miles, and thus they can deduct the travel expense from any business incomes.

    I am not advocating for any of those, but it doesn’t really matter if these business expenses are legal because the IRS doesn’t have a great way to determine these minor abuses, and certainly doesn’t have the people power to track it down.