What is Credit Union?
1.
A scheme to avoid paying taxes. CU members argue that they should be tax exempt because
1. They are member-owned. (Other member-owned coops pay taxes on non-disbursed earnings)
2. They can't issue stock. (Lots of companies--many LLCs, sole proprietorships, S Corporations, etc. -- do not issue stock but still pay income taxes.
3. CUs (allegedly) provide better service (tax exemptions are not awarded to companies that provide the best service).
Credit unions were originally tax exempt because they provided financial services to underserved markets. Today, however, credit unions compete directly against banks and should therefore pay taxes.
Random Words:
1.
1.The golden retriever effect is similar to thought process that golden retrievers have.
2monly found in teenage boys with crushes and ..
1.
Whilst a strapping young male is plowing away from behind at tiring verge of the lady of the house, the young male notices an unfortunat..
1.
A superlative that goes far beyond the bounds of cool- should be reserved only for when something truly is ultra schwey. Never used in a..
