On Sun, May 1, 2011 at 3:19 AM, Kaiting Chen <kaitocracy@xxxxxxxxx> wrote: > On Sun, May 1, 2011 at 2:39 AM, Allan McRae <allan@xxxxxxxxxxxxx> wrote: > > > On 01/05/11 15:35, Johannes Held wrote: > > > >> On 01.05.2011 04:13, Ray Kohler wrote: > >> > >>> I also have donated in the past, and would do so again if it were made > >>> possible. > >>> > >> What about a normal bank transfer to one of Arch's core maintainers? > >> > >> > > That would have taxation implications for that developer. > > > > At least the US allows for something like $5,000 tax exempt in personal > gifts each year. --Kaiting. > > -- > Kiwis and Limes: http://kaitocracy.blogspot.com/ > I believe the amount was $11,000 for 2010, but I need to check. This is a serious problem, for a lot of reasons, especially that Arch could use some more money :). The server resources are limited, and having more resources would be great! I will check with my accountant as to the best solution for this problem, I think that the easiest solution would be legal formation of an entity that deferred taxation responsibilities away from guys like Aaron. I don't think that we need to become a 501(c)3. That can be very expensive for an organization like Arch, since it is not blatantly clear that we are a non-profit (They hand those out like candy to organizations that "help children" for instance, but it took the Linux Kernel Foundation years to get it, even though I would argue that Linux definitely helps children). But another organization format will almost certainly be cheaper (most legal business entities in the USA can be formed for less than $50) and most of what 501(c)3 buys you is letting your donors declare the donation to be tax exempt. -Thomas S Hatch
