Last week my PayPal account was "permanently disabled" this also happened to two of my friends at the same time. Is anyone else going through this right now? When I looked it up on Reddit it seemed like a widespread error that started last week. Could it be related to this? Are there any steps I should be taking to try to get my account back? Any help here would be really appreciated.
I really didn't like this line of the article. "This stuff isn’t easy, and before we get to a world with zero traffic deaths, we’ll—briefly, I hope—have to increase the number of traffic deaths just a little. We feel really bad about that."
Reason being, while satire the rest could hold true. Mistakes will happen from cars, but mistakes happen from people anyway. Now this line quoted above is just incorrect. The average automated driver is going to cause many less deaths and the average human driver. That is the thing that is so frustrating about this type of talk putting down automated driving. Automated driving (from my understanding) is already safer than human driving, we just don't accept deaths from automated driving but we do from human driving.
The line seems more correct if it was written: "This stuff isn’t easy, and before we get to a world with zero traffic deaths, we’ll—briefly, decrease the number of traffic deaths, but not to zero and mistakes will be made. We feel really bad about that."
That is certainly a more true statement than the one in the article.
Facebook ads have brought some of the most positive products and positive changes to my life. Sometime I literally go on Facebook just for the ads to see what else is out there for me in terms of personal development and life improvement.
I started my current business originally from a program I bought through Facebook ads. I spent a half a year following Tony Robbins around, which had a huge positive impact on my life thanks to a Facebook ad.
I recently got out of a funk due to a Facebook ad for a support group of people going through what I was going through.
I would be really sad to see Facebook ads go and I don’t think there are other places I would have found these services that I did find.
I can honestly say, I don’t know where my life would be if there were not Facebook ads, but I do not think it would be in such a positive place for sure..
If we use a reasonable definition of hard, like what percentage of the population can learn a task/skill/subject. We could say the smaller percentage of people that can do a task/skill/subject the harder it is.
And the larger the percentage of the population can learn the task/skill/subject the softer it is.
With this definition we can still use the words hard and soft and I don’t think it changes too much how we use them now.
And then any social consequences that come from the use of the words would just be inherent based on a reasonable definition.
This is not good advice. If you set things up correctly you should set it up as an s-corp to maximize your tax savings.
If you have an s-corp, you won’t have to pay self employment tax, which is 15% on all of your profit and all of your salary if you just stay an LLC without an s-corp election.
With an s-corp you are advised to pay yourself a reasonable salary as a w2. That salary is the only thing you will need to pay that self employment tax on. That salary should be as low as you can justify. Here is info from the IRS about how to go about calculating that.. https://www.irs.gov/pub/irs-news/fs-08-25.pdf
I would imagine you could easily justify $50k-$75k as your salary, but you’d have to put the time in to calculate it.
If you were to do this based on $54k a month, you are saving about $90k a year on your taxes. The less you pay yourself a w2 the more you save.
If you set up like this, which is the way you will save the most on your taxes, then the amount you can contribute to your retirement account, ie solo 401k for you in this situation is approximately 50% of your w2 income because how much you can contribute is tied to your salary. For a $75,000 salary that max you can contribute is $38,250. Sure feel free to put that into your Solo 401k.
But that should be an after thought to saving the 15% self employment tax.
By putting money into a 401k it is not tax free only tax deferred, this means you will pay taxes on it eventually. If you think you may make more in retirement than you are now it makes this deal way less sweet. I know I’m planing on making more then.
Also, hiring a spouse is again a terrible idea here, because you are going to then pay 15% self employment tax between the two of you. 7.5% each.
Sure if you are an LLC and didn’t take your s-corp election then this makes sense. But if you did, hiring your spouse will be an extra 15% tax on his/her salary, since all of your profits won’t have that 15% tax on them.
And for what reason.. so you can put it into a tax deferred account you will need to pay taxes on eventually.
The very first thing you do when you start to make real profit is to take an s-corp election. There isn’t even an argument to this.
Telling the poster to do anything beyond taking a s-corp election first is doing him a huge disservice and costing him around $90k a year.
Are you a solo owner? You need to take an s-corp election and you do not need to pay yourself that type of salary. At most you should pay yourself $54,000 a year.
The reason is money that goes through an s-corp you don’t pay self employment taxes on. Salary you do. That is 15%.
You wouldn’t need to pay yourself more than $54,000 without the government getting upset.
Right now, based on $54,000 a month you are losing about $90,000 a year not being structured like this.
The rest of the money, you can just transfer to your personal account and do whatever you want with. It is all your money as a solo owner, so if you want it just send it to yourself.
I’ve been through this exact situation before and I’m currently a tax strategist and help people with this type of stuff everyday.
When we had all that extra money, I moved to Asepn Colorado and had a bunch of fun skiing and living it up.
You can do whatever you want with the money, but please get your s-corp election set and stop paying yourself $14k a month.
If you want help reach out. I think my email is still in my profile.
Ha, the timing of this is pretty funny. I have had a start-up in LA for the last year, in the entertainment industry. I spend time in the professional YouTube community (like freddiew, annoyingorange) and spend a lot of my free time meeting people and learning about Hollywood. I especially find the people who are in both industries really interesting.
It is very interesting for me, because there are few programmers in the Hollywood and YouTube communities, so there are a lot of interesting opportunities available.
I literally just today turned my head towards building the most entertaining thing I possibly can. My thought on it is a site that is super branded for entertainment like break.com or collegehumor.com or smosh.com. And combine that with a big YouTube channel, just like those websites do.
But at the same time, it is necessary to see where the eyeballs are currently heading. I think reddit is a wonderful example of a modern entertainment site which can be seen in its huge growth. I would be nice to combine the usability of a site like reddit with the targeted branding of a site like collegehumor.
The super interesting thing to me is that a project like this is much more of a lifestyle business than a venture business. BUT THAT is currently a huge difference between Hollywood and Silicon Valley. I see LA as the land of the cash businesses and Silicon Valley as the land of the VC businesses. All of my professional YouTube friends are making straight cash and building large audiences, but will never have a public exit or a huge windfall.
It seems to me Hollywood's culture about cash business verse Silicon Valley's culture, is an advantage for Hollywood in creating entertainment properties. Entertainment properties require a careful and focused branding for a focused demographic and audience, you can make millions off something like this, but it is hard to IPO.