Ben Feral Selinger writes:
"Okay friendlies. I need creative ideas on how to decrease my tax burden for 2021, and I have 2 months to do it.
I've got nothing I really need, expense-wise, nor anything I can think to buy. My employees are all paid. I can toss them a couple big year-end bonuses, but that's not going to be sufficient.
I haven't looked into RRSP's or anything, but I already know they're not going to be sufficient either. They might get me about 1/8th of where I need to be.
I'm operating as a sole proprietorship (because I'm an idiot/didn't have time to incorporate off-shore). I have absolutely no personal use for my income, but I do have a ton of much bigger plans for it's use in the near-ish future (next 5-10 years, but again, not really for personal use, clearly more for non-profit sorta things).
I can't find any charities worth donating to. After investigating quite a few, all are so poorly/inefficiently managed that I don't feel right giving them shit, as I know I can do far more good with the money, than they ever will.
I need ideas that are realistic/tenable and can be executed before year end."
My response:
The Seasteading Institute, Foresight Institute, Institute for Justice, MAPS, and the Free State Project all seem like they're doing good work. Stephan Kinsella's Open Patent Alliance seems like it would be of particular interest to you:
https://www.opencryptoalliance.org/
https://stephanlivera.com/episode/249/
If you like their mission, but don't like how they're operating, offer to donate the backing for one or more prizes. For example, something like the Brain Preservation Foundation prizes:
https://www.brainpreservation.org/
That way, you only pay for results. The X Prize foundation offers tools for creating your own prizes:
https://www.herox.com/how-it-works
Along similar lines, social policy bonds might be another way to go:
https://socialgoals.com/
Maybe offer a prize for the first team to create a social policy bond trading platform, then use the system to incentivize whatever goals you have in the future.
Such prizes have been used to incentivize a number of innovations, such as canned food, human powered flight, ivory substitutes, Polio vaccine, and more. Planet money covers other examples:
https://www.npr.org/sections/money/2012/03/01/147751097/why-napoleon-offered-a-prize-for-inventing-canned-food
https://www.keionline.org/misc-docs/research_notes/kei_rn_2008_1.pdf
"Okay friendlies. I need creative ideas on how to decrease my tax burden for 2021, and I have 2 months to do it.
I've got nothing I really need, expense-wise, nor anything I can think to buy. My employees are all paid. I can toss them a couple big year-end bonuses, but that's not going to be sufficient.
I haven't looked into RRSP's or anything, but I already know they're not going to be sufficient either. They might get me about 1/8th of where I need to be.
I'm operating as a sole proprietorship (because I'm an idiot/didn't have time to incorporate off-shore). I have absolutely no personal use for my income, but I do have a ton of much bigger plans for it's use in the near-ish future (next 5-10 years, but again, not really for personal use, clearly more for non-profit sorta things).
I can't find any charities worth donating to. After investigating quite a few, all are so poorly/inefficiently managed that I don't feel right giving them shit, as I know I can do far more good with the money, than they ever will.
I need ideas that are realistic/tenable and can be executed before year end."
My response:
The Seasteading Institute, Foresight Institute, Institute for Justice, MAPS, and the Free State Project all seem like they're doing good work. Stephan Kinsella's Open Patent Alliance seems like it would be of particular interest to you:
https://www.opencryptoalliance.org/
https://stephanlivera.com/episode/249/
If you like their mission, but don't like how they're operating, offer to donate the backing for one or more prizes. For example, something like the Brain Preservation Foundation prizes:
https://www.brainpreservation.org/
That way, you only pay for results. The X Prize foundation offers tools for creating your own prizes:
https://www.herox.com/how-it-works
Along similar lines, social policy bonds might be another way to go:
https://socialgoals.com/
Maybe offer a prize for the first team to create a social policy bond trading platform, then use the system to incentivize whatever goals you have in the future.
Such prizes have been used to incentivize a number of innovations, such as canned food, human powered flight, ivory substitutes, Polio vaccine, and more. Planet money covers other examples:
https://www.npr.org/sections/money/2012/03/01/147751097/why-napoleon-offered-a-prize-for-inventing-canned-food
https://www.keionline.org/misc-docs/research_notes/kei_rn_2008_1.pdf