A question re revenue

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Jerry3904
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Re: A question re revenue

#11 Post by Jerry3904 »

@Adrian @dolphin_oracle What would you think of putting a version of Adrian's response on the website > About us?
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linexer2016
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Re: A question re revenue

#12 Post by linexer2016 »

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?
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.

Aronticuz
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Re: A question re revenue

#13 Post by Aronticuz »

dolphin_oracle wrote: Fri Oct 14, 2022 8:44 am
uncle mark wrote: Fri Oct 14, 2022 8:18 am
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.
What about Jerry's boat payment?
I thought it sank?!

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.
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Adrian
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Re: A question re revenue

#14 Post by Adrian »

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?
I think it could be in the donation sections since people have a right to know how the funds they donate are used.

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linexer2016
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Re: A question re revenue

#15 Post by linexer2016 »

Adrian wrote: Fri Oct 14, 2022 2:06 pm
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?
I think it could be in the donation sections since people have a right to know how the funds they donate are used.
Agree with that.

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Michael-IDA
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Re: A question re revenue

#16 Post by Michael-IDA »

dolphin_oracle wrote: Fri Oct 14, 2022 8:44 am
Adrian wrote: Thu Oct 13, 2022 2:55 pm We are all volunteers, nobody is compensated.
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.
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.

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
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