Great work and as a product guy, I find the preview environments feature explained on your website to be a potential game changer. Being able to spin up and seed environments on demand via pull requests keeps things very clean as I could just look at a particular branch in isolation without the need for fixed dev -> stage environments. By seeding the data, it also means I can "replay" the same scenario again if the developers deploy a change while in the review process.
We needed a tool that gave us the same experience as Heroku but on AWS, so we went with Nullstone (https://nullstone.io). Everything is nicely managed in a style you'll be familiar with and takes advantage of open source Terraform modules they publish.
I believe he was using the source article. One example was a leap in public polling around how our government functions (33% jump in being able to identify the three branches of the US federal government).
Also highly recommend the book “The Phoenix Project”. It highlights common pitfalls and solutions through a narrative of a character thrown into their first time leading a team.
So we’ve created one loophole. What if I buy multiple properties below the threshold? Is the limit per household? If so, does this apply to people heavily leveraged with little net worth who own many rental properties? The rent is income, but they often make improvements to the homes and take a cash-out refinance to pay for the cash down payment on a new property. If we do this to homes, and the wealthy move their money to a new place, such as venture capital, do we try and re-price those illiquid assets each year? If one IPO’s and they take a loan against the stock to buy a home, do you give them their previous year’s mark-to-market payment back to them if the stock goes down the following year and they get a margin call? I’m just going through a few scenarios but this would quickly inflate the tax code to an almost unmanageable state without creating just as many more new loopholes. Imagine trying to grow a startup and being worth X on paper with no actual gains or money in the bank. If you don’t include it, it suddenly becomes a tool for someone else to use within the assets you’ve excluded. If you don’t exclude it, you may force an early sale of promising new businesses to their competitors to cover a tax bill on the unrealized gains.
The special treatment is at the time of sale. My comments were in response to taxing the appreciation at the time of a new loan (such as taking a second mortgage).
This would also affect most home owners. They purchase a home, it goes up in value, and they refinance or take a second loan rather than sell the property. The wealthy do this as well with property, art, and securities. Trying to tax unrealized gains (like a home that has appreciated in value) would be a new mess of tax legislation with holes you could drive a semi-truck through.
1. Lost a pair 2. Lost one bud from a pair 3. Washed them 4. Swam in the ocean with them 5. Had a pair generally degrade
So I know once I buy a pair, I'm good for about a year until I need another. That's also when I tend to notice the new features. :-)