Monday, January 14, 2008

Tax Implications of LLCs and Corporations

A common misunderstanding by small business owners concerns the relationship between taxation and limited liability. Many owners mistakenly believe that, because their LLC is treated as a sole proprietorship or general partnership for tax purposes, somehow this means that liability in the LLC mirrors liability in these other business forms. The same misunderstanding arises when a corporation elects subchapter S tax status.

Really, there is no relationship. Taxation has nothing to do with liability. All of the owners of the LLC and corporation enjoy limited liability. How the LLC or corporation is taxed is irrelevant to the question of liability.

Why Republicans Don't Support Ron Paul

A brilliant piece ...


When we call someone a "Neo-Con",stupid, or any other derogatory term, we isolate them immediately. These people love America, too. They aren't trying to destroy our country. Imagine a little kid trying to help its mom do dishes. It really wants to help, but keeps breaking dishes. What's more imporant--a broken dish, or yelling at the kid, breaking its spirt, and making it never want to help again. No matter how many dishes our current politicians have broken, they really were trying to help. There isn't a single law they passed that didn't have good intentions--regardless of whether or not it they had the Constitutional authority to actually pass the bill.

Try to understand where they are coming from. People absolutely hate to be wrong or feel stupid. While you may not agree with them, try to empathize first. From a decade and a half of very successful professional sales experience and dealing with tens of thousands of people, I can tell you without a doubt that it is better to start out by saying "I understand your concern" or "help me understand how you feel" (as in, "I understand your concern, help you understand how you feel that bringing the troops home to be with their families means Dr. Paul doesn't support them" or "I understand your concern about whether or not Ron Paul is a Real Republican, but help me understand how someone who has been a Republican for 30 years, and a libertarian for one yeartwo decades ago isn't really a Republican" or "help me understand how you feel that bringing our troops home from all over the world and back to the United States would make us less safe or bringing our National Guard home would hurt our National defense" or "I understand your concern that we need to win the war, but help me understand how we will know when we have actually won? Didn't President Bush declare 'Mission Accomplished' a few years ago? Please help me understand" than it is to start out saying "You are an idiot and your apathy and mindless following are destroying our country."

Corporations Go Public With Eco-Friendly Patents

Leading members of the corporate community have come together in a first-of-its-kind effort to help the environment, unleashing dozens of innovative, environmentally responsible patents to the public domain.

Availability of these patents will encourage researchers, entrepreneurs and companies of all sizes in any industry to create, apply, and further develop their consumer or industrial products, processes, and services in a way that will help to protect and respect the environment.

The World Business Council for Sustainable Development (WBCSD) and IBM (NYSE: IBM) -- named today by IFI Claims as the leading earner of United States patents for the 15th consecutive year -- are initiating this effort in partnership with Nokia, Pitney Bowes, and Sony. The pledged portfolio, dubbed the "Eco-Patent Commons," is available on a dedicated, public Web site hosted by the WBCSD (http://www.wbcsd.org/web/epc).

Patents pledged to the Eco-Patent Commons -- originally proposed at IBM's Global Innovation Outlook conference -- feature innovations focused on environmental matters and innovations in manufacturing or business processes where the solution provides an environmental benefit. For example, a company may pledge a patent for a manufacturing process that reduces hazardous waste generation, or energy or water consumption. A pledged patent covering a procurement or logistics solution may reduce fuel consumption.

Examples of the environmental benefits expected for pledged patents include:

--  Energy conservation or improved energy or fuel efficiency
-- Pollution prevention (source reduction, waste reduction)
-- Use of environmentally preferable materials or substances
-- Water or materials use reduction
-- Increased recycling opportunity

US citizenship

Devang from Cupcake Land, KS

"I hereby declare, on oath, that I absolutely and entirely renounce and abjure all allegiance and fidelity to any foreign prince, potentate, state or sovereignty, of whom or which I have heretofore been a subject or citizen; that I will support and defend the Constitution and laws of the United States of America against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I will bear arms on behalf of the United States when required by the law; that I will perform noncombatant service in the armed forces of the United States when required by the law; that I will perform work of national importance under civilian direction when required by the law; and that I take this obligation freely without any mental reservation or purpose of evasion; so help me God."



This is very similar to Islam, all muslims pledge allegiance to Saudi Arabia. Islam is global, US is local.

Data ghettos

The other component of the data ghetto that bothers me is that you can’t find that data outside the ghetto. Please, someone point me to a place where there’s dynamic content being fed to the story level pages. I have yet to see where someone’s crime data is being fed into a story about a crime, i.e. a map of murders from the data ghetto’s crime application dynamically generated on a story page about a murder. Or a list of the largest donors to a politician from a campaign finance app on a story about a politician.

And that seems to be a problem we’re creating for ourselves — we’re only thinking about getting the data online, not about what to do next. Or about what else could we do with our data. Or what could someone else do with it if we let them. We’re content with a couple of search boxes, a button and a results page. And we’re content to leave it right where we put it.


Sunday, January 13, 2008

In Life’s Web, Aiding Trees Can Kill Them

A few years ago, Todd Palmer, an ecologist at the University of Florida, was walking past a fenced-off research site in Kenya when he noticed something curious: instead of thriving, acacia trees that were protected from leaf-eating elephants and giraffes were withering and dying.


The acacias and a species of ant that colonize them live together in an arrangement called mutualism. The ants nest in the trees’ thorns and sip on their nectar; in return, they swarm out ferociously, ready to bite, when a tree is disturbed by an elephant, a giraffe or other grazing animal.

But somehow, Dr. Palmer said, the trees seem to sense when no one is munching on their leaves and, after a year or so, seemingly decide, “We are going to reduce our investment in ants” by not producing so many roomy thorns or so much tasty nectar. The ants’ responses — lassitude is one — eventually encourage wood-boring beetles to invade the trees. Soon their tunnels leave the trees sickly, dying or dead.

The finding shows that what looks like two-species mutualism may involve other species. And they offer new proof of the fragility of the web of life, a phenomenon observed, for example, when wolves vanish from mountain landscapes or sharks and other top marine predators are fished out of the marine food chain.

Without wolf predation, elk are freer to roam and eat more plants. Result: aspen begin to vanish. Similarly, the overfishing of sharks and similar large fish leave smaller, algae-eating fish free to graze unhindered on algae growing on (and feeding) coral. Result: dead coral.


Thursday, January 10, 2008

Alfresco - Open Source Enterprise Content Management

Facebook is using Alfresco.

Uses Liferay or JBoss Portal.

Essential Free Online Video and Animation Tools

Blender is not only one of the best graphics programs from the open source world, it’s one of the best open source applications of any kind. Widely used in the video and animation communities, it’s great for 3D modeling, animation, rendering, and playback. You can also use it on Windows, Mac or Linux systems. Take a look at a character in progress above.

OpenMRS Invades Googleplex

We started the day having breakfast with Allen Gunn. I was struck with his breadth of experience with open source project management. Despite this, he was humble, genuine, and a lot of fun to talk with.

We then met up with the Google Health folks, and saw some really cool technology that I wish I could talk about. While I think there was a little bit of “magical thinking” about how their technology will work, in general there was a number of excellent innovative ideas in what we saw. We also got a personal tour from Leslie, met up with a number of the engineers on the campus, raided the schwag closet, and did some planning for some future surprises for our community.

OpenMRS Data Warehousing: http://gstrak.blogspot.com/2007/07/etl-process.html

OpenMRS Pentaho BI: http://julianhyde.blogspot.com/2007/09/openmrs.html

http://www.ibridge.be/?p=71

Linux Magazine’s Top 20 Companies to Watch in 2008

Who knows what the future will hold? Well, heaven knows we don't or we'd have already won the lottery a few times and retired to a private island somewhere. However, we can look at the past to make a few reasonable predictions-- such as the companies in the free and open source software community that are going to have a major impact on the market in 2008.


  • 3Tera - utility computing, virtual data center
  • Applogic
  • Alfresco's Enterprise Content Management
  • Centrify DirectControl integrates non-Microsoft systems with Microsoft's Active Directory
  • EnterpriseDB takes PostgreSQL, modifies it a bit with its own secret sauce to make it" Oracle-compatible"
  • rPath have paved the way to easy virtual appliances with their rBuilder technology and rPath Appliance program. You can even take rBuilder for a spin online to create your own virtual appliance foundation.

Bloomberg

I absolutely relish Bloomberg running and winning the Presidency. Imagine the reactions of the special interests, the lobbyists and their corporate machines. All of the millions thus far meant to influence the candidates and maintain corporate welfare going to WASTE!!!! Would the Corporate Democrats and Republicans actually be spurred to reform the system out of self interest?
Corporations don’t put this money into Hillary and Obama’s campaign for FREE folks. The lobbyists aren’t just altruistic patriots. WAKE UP!!! I’m a Kucinich or Edwards partisan, but I’ll take a reactionary Ron Paul or a moderate Bloomberg any day over any corporate prostitute.

Monday, January 07, 2008

Ad money begins to trickle in for bloggers

It is no longer unusual for blogs with just a couple thousand daily readers to earn nearly as many dollars a month. Helping fill the pockets of such bloggers are programs like Google's AdSense and many others that let individuals - not just major publications - tap into the rapidly growing pot of advertising dollars with a click of the mouse.

In 2006, advertisers spent $16.9 billion online, up steadily each year from $6 billion in 2002, according to the Internet Advertising Bureau. In the first half of 2007, online advertising reached nearly $10 billion, a nearly 27 percent increase over the first half of 2006.

Ron Paul and Charlie Wilson’s War

In the polarized world of Wilson, there is only Good and Evil. At the time, Communist Russia was the Devil himself and had to be stopped at all costs…even if it meant sending weapons to bin Laden’s friends – the future Taliban. And while there was no explicit mention of bin Laden, there doesn’t need to be. Whether we armed bin Laden is irrelevant. The movie makes it clear that we allied ourselves with religious zealots, including Gulbuddin Hekmatyar (who is now listed as a terrorist). Even if we didn’t directly fund or train him, did we not support his cause? Were these rebels not labeled "freedom fighters"?

A powerful illustration of this flip-flopping comes when some powerful Congressman goes to the border of Pakistan and Afghanistan to chant, "God is Great" in Arabic. Imagine doing that today! And this is exactly what Ron Paul is decrying. He understands that the world is complex and changing, filled not with monoliths but nuance. He is too humble to profess to mete out perfect justice.


Max Raskin [send him mail] goes to high school in New Jersey. He was a summer fellow at the Mises Institute in 2007.

School kid? writing like this? Terrific!

Sunday, January 06, 2008

Judge Rules Against Wal-Mart Over Its Tax-Shelter Dispute

The dispute arose from Wal-Mart's use of a real-estate investment trust. A decade ago, the company transferred ownership of its stores to two REITs, of which Wal-Mart owned 99%, then paid tax-deductible rent to the REITs to use the stores.

REITs pay no corporate income tax as long as they pay at least 90% of their income to shareholders as dividends. However, those REITs were owned by Wal-Mart subsidiaries based in Delaware and therefore owed no tax on the receipt of those dividends. The result: Wal-Mart turned rental payments to itself into state-deductible expenses, even though the money never left the company.

For a four-year period, the setup saved the retailer an estimated $230 million on its tax bill in dozens of states.

ASP based sites - Verizon, godaddy, etc

Verizon is the only web-based site where you can pay your bill faster by shipping out instead of paying online.

In my life, I've encountered a few sites that are unresponsive time and again. Two of them that are consistently excruciatingly slow are verizon and godaddy. Not so surprisingly, verizon works on internet explorer only. T-Mobile sucks some time too.

Verizon, an ISP, has a rather poor infrastructure. It takes several minutes for a page to load. I have to stop and refresh the page many times over to load correctly. It has crappy tabbing too, if I select something, it automatically goes to the next element.

Godaddy consistently gives me a bad header request error.

I use both sites a couple of times every month and they have been consistent in their crappy behavior.

This proves beyond a shadow of doubt that asp is not viable for traffic intensive sites.

Friday, January 04, 2008

The True Cause of the Civil War: Moral Libertarianism

The Yankees hated the spread of slavery because we had this pernicious habit of freeing our slaves and then living next them as neighbors. This was of course, illegal, in Illinois, home of the great emancipator (and war criminal).

I have no love the southern radicals any more than the northern, but in their defense, it was constant yankee carping that brought on those in your face comments about slavery.

As to Fort Sumter? It was a customs house. The war was about taxes. We were paying for the industrial revolution up north and had enough. We said no more. Lincoln decided to reinforce his tax collectors and we said enough. Up to that point, the yankee soldiers had been buying their provisions in the market in Charleston. No body bothered them. But that was too much. So we blasted 'em. They were trespassing in our harbor, and intercepting our commerce. That's brigandage under international law.

While the south was not blameless, the north turned it from a war of words into a ruthless and murderous invasion of private property. They fought like Nazis, we fought, for the most part, like gentlemen. One, exactly one, northern town was burned. Whole states were turned into wasteland down here. So yeah, we view them as monsters. And ourselves as victims. Why wouldn't we?

It must not be forgotten that Sherman and Sheridan were acting under orders when they carried torch and sword to the civilians of the south. They were promoted because other northern generals were Christians and would not fight that way. But Lincoln found his pyromaniacs...

And why do we need provocation to secede? In a voluntary union, we should be able to secede because we wake up in the morning and just plain feel like it! If you can't do that, you are not free. We have gone from chattel slavery to social slavery.

Tuesday, January 01, 2008

Yugma - free alternative to gotomeeting, webex

Yugma.com - also has free phone conferencing.

Also, free telephone conferencing: http://www.freeconference.com/Reservationless.aspx