On Sun, May 1, 2011 at 3:29 PM, Thomas S Hatch <thatch45@xxxxxxxxx> wrote: > 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. What about create a association elsewhere in the world where it can be less expensive? In France, we have an "association law 1901" (http://fr.wikipedia.org/wiki/Association_loi_de_1901) which allow a no taxes status. Regards, -- Sébastien Luttringer www.seblu.net
