NY Bill Proposes Tax Credit for Open Source Developers

“Assemblymen Jonathan Bing and Micah Kellner, along with a number of co-sponsors, have introduced proposed legislation in New York State which would grant a tax credit to individuals acting as volunteers who develop open source programs. The idea of the credit is to ensure that volunteer developers, who could not otherwise deduct their expenses because they are not part of a ‘business’, should nevertheless be able to receive a tax benefit for their contribution. The credit would be for 20% of the expenses incurred, up to $200. The preamble to the bill notes that the New York State Assembly itself currently uses ‘Open Source programs such as Mozilla for email, Firefox for web browsing, and WebCal for electronic calendars’, and that these programs have led to significant cost savings to taxpayers. The preamble also cited a 2006 report authored by John Irons and Carl Malamud from the Center for American Progress detailing how Open Source software enhances a broader dissemination of knowledge and ideas.” from slashdot

It is important to understand that the Dow is moved by people who thought that Bernie Madoff is a genius and that Pets.com was worth tens of billions of dollars. And, they somehow could not see an $8 trillion housing bubble right in front of their faces.

The people who move markets are not people with a deep understanding of the economy or anything else. It would be absolutely crazy to try to run economic policy based on the peculiar quirks of the Wall Street crew.

Square root day is a humorous holiday celebrated on dates where the day and the month are both the square root of the last two digits in the current year.[1] For example, the last square root day was March 3, 2009 (3/3/09), and the next square root day will be April 4, 2016 (4/4/16). The final square root day of the century will occur on September 9, 2081. Square root days fall upon the same nine dates each century. These goofy holidays can also be referred to as “Squared Day,” as the date written out is like a mathematical equation. 03 x 03 = 09 (03.03.09)