By Larry Chiang
Problem: The Profit from a Stanford Class Has Tax Consequence
Old Solution = Don’t execute and do not get validation via sales.
New solution: spend your #cs183e profit at #cs183fanfe See gsb.stanford.edu/exed/doc/progr…
If piano execution and piano music lessons were entrepreneurship education, there would be a 7-10 year period where students would be prohibited from touching keys. Because then sound would get produced which could have a taxable outcome #cs183tax solves that by spending that profit over at #cs183fanfe
Tax is real.
Tax is “What They Used To Not Teach at Stanford Engineering School of Entrepreneurship”.
– Schedule c
– 1099 the money in and out
– basic proprietorship.
Well here you go: “Zero it out”. Zero out and make zero your positive profit by forcing function the money out. Money in -money out =Profit. Now find a place on campus to spend $15-20 grand
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Larry Chiang (@LarryChiang) |
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Strait up F.A.N.F.E. #cs183fanfe (u self fund tuition w/$$ u made doing #cs183e @FSAustin #SelfFundSellFun cc #cs183c gsb.stanford.edu/exed/doc/progr…
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Or just keep taking piano lessons where you are not touching keys.
Here is how to get to profitability
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