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MDHC
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Tax writeoff

I write off part of my power as a business expense since I work from home. Now since this data crunching is charitable, businesses ought to be able to write off the power used as a charitable donation, no? This will encourage more participation. Does anyone have calculations already as to how one might go about such a writeoff? I know a private business, not my own, that leaves two computers running 24-7 for server purposes. They could write some of that power cost off as a charitable donation, no?
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[Apr 9, 2010 3:49:24 AM]   Link   Report threatening or abusive post: please login first  Go to top 
JmBoullier
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Re: Tax writeoff

As far as I can remember several older threads on this topic which comes back periodically, the very first condition would be that WCG be a charity. Which it is not.
Sorry.
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[Apr 9, 2010 5:04:55 AM]   Link   Report threatening or abusive post: please login first  Go to top 
nasher
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Re: Tax writeoff

even if WCG was a charity (or you find a Distributed computing that is) you will find that it is probably going to put up a BIG audit flag if nothing else.

second how can you prove how much energy you used (or wear and tear on your computer or whatever).

honestly if your looking for a tax write off i recommend donating clothes or non perishable food donations or stuff that you don't need to a good will or a St Vincent De Paul or such and get a receipt (much easier to prove as a tax write off and most the time they will let you tell them about how much the stuff is worth.

there are lots of things out there that you can write off i just dont think that its worth trying to prove how much your computer spends (especially with all the lobbyists for energy usage reduction and carbon neutral and anti greenhouse gas that there are in today's society)

good luck and if you find a way (and get audited and proved that its legit) then please tell us for next tax season

good luck and happy crunching
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[Apr 9, 2010 4:05:46 PM]   Link   Report threatening or abusive post: please login first  Go to top 
Richard Mitnick
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Re: Tax writeoff

It is my understanding - and someone please correct me if I am wrong - that the energy cost, the electric bill, for running most personal computers is about the same as a 100-150 watt light bulb.
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[Apr 9, 2010 6:27:46 PM]   Link   Report threatening or abusive post: please login first  Go to top 
pirogue
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Re: Tax writeoff

It depends on the PC. I've used a Kill-A-Watt on all of my PCs and they vary quite a bit. Here's a sampling:
1. 185 watts for an old Athlon X2-4400+ with a 9600GSO and 1 hard drive
2. 300 watts for an i7-980x with an ATI 4850 and 1 hard drive
3. 425 watts for a Q6600 + GTX 260 and 10 hard drives
All them are crunching. As you can see, it greatly depends on the combination of hardware.
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[Edit 1 times, last edit by pirogue at Apr 9, 2010 6:41:27 PM]
[Apr 9, 2010 6:40:13 PM]   Link   Report threatening or abusive post: please login first  Go to top 
dott ari
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Re: Tax writeoff

My 24/7 crunching pc is around 100 w and it is assembled with amd phenom x4 9350e 65 w , 1 stick of ram , i hd 2,5 low rotation , 80 plus gold power supply , motherboard mini atx with low class gpu integrated , no dvd.
I have assembled it in the view of the minor power consumption.
I'm waiting for the amd bulldozer x8 solutions to upgrade it, hoping that there will be also low power x8 in amd list.
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[Sep 11, 2010 12:52:50 PM]   Link   Report threatening or abusive post: please login first  Go to top 
courine
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Re: Tax writeoff

The problem is getting the reciept. But yes, its a nice idea. It would be easier to get power companies to offer a rebate based on your activity here. This way there is a way of gadging how much to offer extentions on your baseline rates. Around here, the baseline rate is about .09usd. But if you go above a level, it jumps to .17. There are many teirs, so its easy to rack up a bill if you dont watch it. It would be nice if there was just this concession.

It is interesting also that I came to distributed computing from an ad in my phone bill. This shows at least 1/2 the battle is won when it comes to DC's acceptance. The other half could come if the power companies could write off the program offering the rebate.
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[Sep 12, 2010 10:58:38 PM]   Link   Report threatening or abusive post: please login first  Go to top 
Former Member
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Re: Tax writeoff

The problem is getting the reciept. But yes, its a nice idea. It would be easier to get power companies to offer a rebate based on your activity here. This way there is a way of gadging how much to offer extentions on your baseline rates. Around here, the baseline rate is about .09usd. But if you go above a level, it jumps to .17. There are many teirs, so its easy to rack up a bill if you dont watch it. It would be nice if there was just this concession.

It is interesting also that I came to distributed computing from an ad in my phone bill. This shows at least 1/2 the battle is won when it comes to DC's acceptance. The other half could come if the power companies could write off the program offering the rebate.

Good luck getting them to give any rebate--when i was running 20 machines my bill was over 500.00 per month in Virginia--most of the crunchers were over 5 years old though--trying to build low cost machines sad
[Sep 20, 2010 8:18:06 AM]   Link   Report threatening or abusive post: please login first  Go to top 
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