It also creates a private right of action. That is completely different than the existing laws, which are enforceable by a state. The author of this bill knows it will chill the selling of anything that is remotely close to the line and that is the entire point.
Similarly, finance people don’t consider interest rates/yields to be derivatives. So, on a bond “duration” is the first derivative of price with respect to yield, and “convexity” is the second derivative.
You could just write a script that lets you write an input and your spouse writes an input and then compares the two inputs without showing them - no need for hashing at all.
If you read something that is copyrighted and rewrite it from memory, that’s still copying for purposes of the copyright act. There are cases about music where that’s unintentionally happened and the inadvertent copier was held liable. It’s basically what the machine learning is doing. Committing something to memory is no defense to copyright - I would recon a good number of people could recite any number of copyrighted works from memory (e.g., episodes of The Office, Seinfeld, or popular songs). If a person wrote that down and tried to sell it, I’m convinced a court would hold that person liable. There is a defense of “independent creation,” but basically if you saw/heard the copyrighted work before then it’s very hard to use that as a defense.
Well, for one, selling stuff at a yard sale isn’t non-taxable. But generally you don’t have to pay tax because you’re selling things for less than you bought them for (you have a personal loss that is non deductible). If you sell it for more than you paid, you have gain that is taxable (but often unreported). But in any event, 1099-K reporting is only from a payment processor - if you accept cash where there is no payment processor involved there wouldn’t be any reporting. But if you sell some stuff on eBay, you might get a 1099 from them or PayPal. Then, you will have to show the proceeds from the sales and your basis, or the IRS matching program may indicate that you have unreported income.
I believe not all tangible property automatically counts. However anything that is deemed a "collectible" is subject to capital gains taxes. That includes artwork, stamps, jewelry, and generally anything similar held for the purpose of investment. Details: https://www.thetaxadviser.com/issues/2019/nov/taxation-colle...
The receiver could always test it after the fact. If it didn’t work then I’m sure they would look closely for tampering and would have pretty good evidence that someone tried to defraud them. Seems risky.
