Thee Quitters!

Thursday, February 1, 2007

Nice!

That Walmart, them boys always think of everything. Like using Walmart-owned companies to pay themselves rent and use those payments as a tax deduction!

Wal-Mart is using a tax loophole involving "real-estate investment trusts" to call "rent" it pays to itself a tax-deductible business expense, Drucker explains. A Wal-Mart subsidary will pay rent to a real-estate investment trust, which is owned by another Wal-Mart subsidiary. The trust hands the rent to the second subsidiary in the form of a dividend, which cannot be taxed. Additionally, Wal-Mart counts the initial rental payment as a business expense, which is deducted from taxes in the state where the store is located. In one four-year period, Wal-Mart avoided $350 million in taxes using this strategy, which was developed by the accounting firm Ernst & Young LLP.

This coming from the company that claims to help communities. (Then again, what corporate doesn't attempt to make such claims?) First they give community residents low paying jobs with no benefits, and then they refuse to pay taxes to the community to help pay for those somewhat important things, like education and infrastructure. So, just in case you were wondering... Attention shoppers! Walmart now carries dildos, available in aisle 5. Please purcahse one and go fuck yourselves. Thank you for shopping at tax free Walmart!

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A note to those I've invited...

If you choose to accept your invitation to post here, I'll email you with the password for zeeadmin account so you can invite anybody you want here, too. Plus you will all have full control over the blog... Editing, invites, widgets, layout, etc. Hell you could delete the whole thing if you're ever in a bad mood.

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Tuesday, January 30, 2007

How to quit. (Kinda.)

Greetings! This blog exists to give a voice to bloggers who don't want to run their own blogs anymore. The rigors of having to find something to say just so we can post everyday became too tedious. We'd stilll like to speak -- but only sometimes. Therefore, we've formed this here new superhero team... Theeeee Quitters!

We'll post occasionally. Whenever we feel like it.

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