These people have monies. (Photo: Wealthfront)

You work hard for that six-figure salary. Heads down and standing desk up, evening coding sessions bleed into all-nighters with the ease of a mouse click. So when it comes time to hand over some of that hard-earned cash to the government for taxes, it's understandable that you'd be a little ruffled. "Why can't I find tax loopholes like that guy Mitt Romney?" you might wonder angrily as you zip down the 101 in your company-leased BMW. "Life is just not fair."

Luckily, a startup called Wealthfront is here to ease all your wealthy person woes. Wealthfront targets fresh-faced tech workers with six-figure bank balances and uses algorithms to help manage their money. Wired reports that the company announced today that it has developed an automated service that can help budget-conscious tech workers legally skimp on their taxes. Hey, didn't you see a post on Hacker News about hacking the tax code?

The new service allows clients with more than $100,000 in their portfolios to partake in "tax-loss harvesting," which can save them a bundle of dough. Wired explains:

"Say you own shares in two mutual funds. One goes up, and you sell for a profit, which in tax terms is considered a capital gain. Meanwhile, the other fund goes down. So you sell that too...

...When you sell the tanking mutual fund shares for a loss, you can write that off against the gain you made selling the other shares. At the same time, you can take the remaining proceeds from the shares you sold at a loss, then turn around and reinvest them in a different fund of comparable value. In essence, you’ve sold shares for a loss but still own the shares. You’ve 'harvested' your loss, but you haven’t lost your crop."

If the financial jargon hasn't caused you to nod off, then congrats--by enrolling with Wealthfront's tax-harvesting service, the company says you'll be able to increase after-tax returns by 1 percent/year.

That may sound laughably small to 47 percenters, but when you're building your golden nest, every little bit counts.