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#662265 - 02/11/11 03:40 PM Re: More On Taxes [Re: Jerry Garcia]
Irie Offline
River Nutrients

Registered: 11/26/06
Posts: 4317
Loc: South Sound
Originally Posted By: Jerry Garcia
On one corner is a Rvrfshr store, kitty corner is Joe's Store, they sell the same kind of product, both stay in business because they are on an equal footing for taxes and utilities. Edgar buys Joe's and because of a change in the laws Edgar no longer has to pay real estate taxes. 2 years later Rvrfshr is out of business, no longer able to compete.


That's why any smart retailer LEASES property.

BUS 101. Take it.

Even banks and box stores after buying and building sell the property into holding companies and lease it back. Not only does it protect the company financially, it frees up the capital for further expansion & investment.

Only an idiot starts a business venture with only his own capital.

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#662266 - 02/11/11 03:41 PM Re: More On Taxes [Re: Jerry Garcia]
RowVsWade Offline
River Nutrients

Registered: 11/08/06
Posts: 3359
Loc: Island Time
....Edgar is so happy about Rvrfshr going out of business that he gets chit faced drunk and smashes his new pickup into a tree....a few weeks later the BIA buys Edgar a new pickup truck so he and his cousin can continue to gillnet after work in their usual and accustomed manner.
_________________________
"...the pool hall I loved as a kid is now a 7-11..."

If you don't like our prices bring your wife down and we'll dicker.

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#662267 - 02/11/11 03:43 PM Re: More On Taxes [Re: RowVsWade]
Irie Offline
River Nutrients

Registered: 11/26/06
Posts: 4317
Loc: South Sound
Quote:
Edgar is so happy about Rvrfshr going out of business that he gets chit faced drunk and smashes his new pickup into a tree....a few weeks later the BIA buys Edgar a new pickup truck so he and his cousin can continue to gillnet after work in their usual and accustomed manner.


Can you give us an example of the BIA ever doing that, or are you just fitting the example I posted earlier by posting racist schit?

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#662268 - 02/11/11 03:58 PM Re: More On Taxes [Re: Irie]
Krijack Online   content
Three Time Spawner

Registered: 06/03/06
Posts: 1534
Loc: Tacoma
Sorry Irie, but you are coming across as a real idiot. Do you really think that any business does not take the cost of Property taxes into consideration when determining what rent will be? And, when a company sells it into a holding company and then leases it back, who do you think pays the property taxes?
And even when you start a business venture, most small business owners must personally guaranty the loan. And leasing back has to do more with other tax reasons.

Maybe you should take Business 102 since you obviously have little concept as to real business.

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#662352 - 02/11/11 10:24 PM Re: More On Taxes [Re: ]
Dogfish Offline
Poodle Smolt

Registered: 05/03/01
Posts: 10878
Loc: McCleary, WA
I like Irie. Really.

What most businesses enter into in a commercial lease is what they call a triple net lease where the lessee pays the rent, plus taxes, insurance, and maintenance.

A commercial property owner would be foolish if they didn't lease out their property this way.
_________________________
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They call me POODLE SMOLT!

The Discover Pass is brought to you by your friends at the CCA.

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