SC Patriot
Diamond Member
- Aug 31, 2020
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Simple math. National discount stores like Costco? C-Corps. They pay federal and local taxes based on revenue. Small business owners? Mostly S-Corps. They pay no federal taxes and only a small state tax based on revenue. A fixed number. I.E, in NY 750K to 1 Million in revenue, $275 for the year to the state and nothing to the federal government. Houses of worship? Pay no taxes.
And THAT is why Costco can be open but Joes pub can not. Houses aof worship? No state or federal income.
In the meantime, those that make those decisions still get paid.
Simple math.
And THAT is why Costco can be open but Joes pub can not. Houses aof worship? No state or federal income.
In the meantime, those that make those decisions still get paid.
Simple math.