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.
a fake company that people claim to work for to sound exciting
girl: so where do you work?
guy(who is lying he is realer unemployed): ..
1.
1. Characteristic which allows charismatic speaker to draw listeners into the fold.
2. Characteristic which allows political candidat..
1.
Southern people that think that being preppy is wearing duck shoes,paisly purses,American Eagle,and pearl earrrings
Omg ur such a prepb..
