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.
The art of masterbation in a frantic, more vigiorously & rushed fashion.
Edward was hat smacking in the attempt to crack one off be..
1.
The coolest damn monkeys in the world.
When used in conversation, it means; "Why yes, that sounds like an amiable occurrence, old ..
1.
A g who laughs at the face of the death by walking away after falling 45+ feet in the air, after pulling a 720 during the 2007 X Games.
..
