A question re revenue
Re: A question re revenue
@Adrian @dolphin_oracle What would you think of putting a version of Adrian's response on the website > About us?
Production: 5.10, MX-23 Xfce, AMD FX-4130 Quad-Core, GeForce GT 630/PCIe/SSE2, 16 GB, SSD 120 GB, Data 1TB
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- linexer2016
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Re: A question re revenue
As the OP, I would like to say that this could be a good idea. I fancy the question I raised is something that might well exercise many a mind.Jerry3904 wrote: Fri Oct 14, 2022 9:20 am @Adrian @dolphin_oracle What would you think of putting a version of Adrian's response on the website > About us?
Re: A question re revenue
Whatever you do - keep on doing it. Linux in general and MX in specific has turned computers and computing into fun againdolphin_oracle wrote: Fri Oct 14, 2022 8:44 amI thought it sank?!uncle mark wrote: Fri Oct 14, 2022 8:18 amWhat about Jerry's boat payment?Adrian wrote: Thu Oct 13, 2022 2:55 pm We are all volunteers, nobody is compensated. We did purchase some hardware for testing, compiling packages, coding, but nobody is here for handouts.
We paid a bounty for systemd-shim when we needed help and donated some funds to Xfce and possible other similar projects that presently escape me.
We use free software that other people put a lot of effort in for free most of them, it would make no sense for us to ask to be paid, all the donations go for domain names, server bandwidth, websites, etc, not salaries.
Seriously though, all funds are held by a not-for-profit corp we set up specifically to manage MX Linux's needs. We are not tax exempt, but the not-for-profit status allows the project to own itself. certain dev team members act as directors.
Re: A question re revenue
I think it could be in the donation sections since people have a right to know how the funds they donate are used.Jerry3904 wrote: Fri Oct 14, 2022 9:20 am @Adrian @dolphin_oracle What would you think of putting a version of Adrian's response on the website > About us?
- linexer2016
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Re: A question re revenue
Agree with that.Adrian wrote: Fri Oct 14, 2022 2:06 pmI think it could be in the donation sections since people have a right to know how the funds they donate are used.Jerry3904 wrote: Fri Oct 14, 2022 9:20 am @Adrian @dolphin_oracle What would you think of putting a version of Adrian's response on the website > About us?
- Michael-IDA
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Re: A question re revenue
I, and anyone else with a business under Sole Proprietor and above, take a substantial tax hit every time we donate funds. The minimum is 45%(ish) and it just goes up from there.dolphin_oracle wrote: Fri Oct 14, 2022 8:44 amall funds are held by a not-for-profit corp we set up specifically to manage MX Linux's needs. We are not tax exempt, but the not-for-profit status allows the project to own itself. certain dev team members act as directors.
Would there be anyway MX can generate invoices for work performed for those of us in this boat? It can be pretty much for anything, even something as simple as server maintenance, software license, database analysis, package work, ...
Example from my side, e.g. I want to give MX $400 of my earnings.
Donation to MX (using 50% tax load):
I earn $400.
The IRS, FICA, State, etc. take $200.
MX gets $200.
Invoice from MX (the tax load drops to under 10%):
I earn $400.
The IRS, FICA, State, etc. take <$40.
MX gets $360+.
Best,
Michael
NIH Cancer Study: The group supplemented with both vitamins and fenbendazole exhibited significant (P = 0.009) inhibition of tumor growth.
The day Microsoft makes a product that doesn't suck...
... is the day they make a vacuum cleaner.
The day Microsoft makes a product that doesn't suck...
... is the day they make a vacuum cleaner.