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re: Credit unions, are they worth it?
Posted on 7/18/13 at 8:34 pm to LSURussian
Posted on 7/18/13 at 8:34 pm to LSURussian
quote:
Banks pay corporate income taxes. Credit unions don't.
That is my only complaint about credit unions. They should pay taxes just like banks do.
why? they are not for profit. The profits are sort of like they are taxed since they are returned to the members in the form of lower rates and higher dividends.
This post was edited on 7/18/13 at 8:35 pm
1
Posted on 7/18/13 at 8:45 pm to Zilla
quote:
why? they are not for profit. .
They make plenty of profit and none of it is taxed.
quote:This makes no sense. Neither of those is a tax.
The profits are sort of like they are taxed since they are returned to the members in the form of lower rates and higher dividends.
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