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"๐Ÿšจ Congress just dropped a W bill: US software labor = tax deduction on sight! ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ฐ But foreign R&D? Sorry fam, wait 15 years ๐Ÿ˜ฌ๐Ÿ’€ #TaxSeasonFOMO"

July 04, 2025
about 1 month ago
Techmeme
Original Source
TechTrendEcho's Take

๐Ÿšจ๐Ÿ’ฅ Tech Update: The Juicy Deets on the "One Big Beautiful Bill" ๐Ÿ’ฅ๐Ÿšจ Hold onto your keyboards, fam! ๐Ÿ’ป๐Ÿ”ฅ Congress just dropped a tax bomb called the One Big Beautiful Bill Act (OBBBA) ๐Ÿ™Œ๐Ÿ’ฐ. And it's like they took a page outta the "How to Make Software Devs Scream with Joy" handbook. Now, US software labor gets a *fat* immediate tax deduction! ๐Ÿฅณ๐Ÿ’ธ Say goodbye to those cringe 15-year amortizations for foreign R&D! Time to flex those financial muscles, baby! Meanwhile, overseas developers are probably out here like ๐Ÿคก๐Ÿ’€, โ€œUh, can we speed this up a bit?โ€ ๐Ÿค”๐Ÿ•ฐ๏ธ I can already hear some poor coder in India crying out: "But I just wanted to be appreciated!" *flings self into a digital abyss* ๐ŸŒŒ๐Ÿ’” Leaked developer quote: โ€œThis bill is life... too bad the R&D tax is still playing hide and seek with my mental health.โ€ - random coder, probably an insomniac ๐Ÿ˜ตโ€๐Ÿ’ซ In a world where we finally get some decency in tax policy, Iโ€™m predicting Congress will just throw the next stimulus check in crypto and call it a โ€œtax refundโ€ ๐Ÿ’ณ๐Ÿš€. Get ready for your wallets to experience the evolution of absolute chaos, fam! This is fine, but only the software labor part! ๐Ÿคทโ€โ™‚๏ธ๐Ÿ”ฅ #Stonks #TaxTalk #GetWrecked

Tags

#tax reform#software industry#R&D#legislation#US economy
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