Open benhylau opened 6 years ago
My proposal:
Use | Amount (CAD) |
---|---|
Taxes* | 1,750 |
Hardware | 2,250 |
Salary | 2,251.27 |
Total | 6,251.27 |
Taxes (28% of 6,251.27) is withheld, after @benhylau files for 2018 taxes, he will draw from this account, with the remainder put pack into a hardware fund. Thoughts?
I go a bit higher then 28% don't want you to be out of pocket
if rest goes into hardware anyway.
Looks like I don't need to pay any taxes on that money. So CAD 1,750 is available to be reallocated to other use, within grant scope. Suggestions?
Suggestions:
By the way, we still have money in both the Hardware and Salary pools.
@benhylau just received the IPFS Research grant we submitted to fund some workshop work for the remainder of 2018 🎆
The scope for this grant is the following, which is not overlapping with our earlier SSBC grant:
I also had to submit a
W-8BEN
form which basically means PL does not need to withhold taxes, but I am personally liable for filing and paying taxes on this money to the Canadian government. So I imagine the grant money to be split into:x and y will be held in CAD, and if we use the exact same process as ssbc-grants-scuttlemesh, z will need to be converted to Ethereum. I am a little uncomfortable converting grant money from CAD into a volatile asset even though I really like the simplicity and transparency of how we are disbursing the SSBC grant. Active contributors to this repository should consense on these items.