[X]
Feedburner count

13
Helpful
Votes

Corus Bank Informative - Taxes; Good, Bad, Ugly - CDs

Review by virginiasoreback on 2005-04-05
CINCINNATI, OH, ILLINOIS -- This is primarily about Tax Evasion vs. Tax Avoidance. A "bonus" "'mini' wealth builder" is tacked on.

At one time I thought that any purchase made online was legally and automatically exempt from state and local sales tax. “Wrong!” It seems that every body, except me, knew this.

I learned that a state can require a vendor to extract the sales tax for the state if – the vendor – a company, manufacturer, corporation, etc. has a “presence” (operation) in that state (and, I assume, is subject to that state's taxes).

I have paid state and local sales taxes on web purchases and, occasionally, I didn’t have to.

So, I suppose, that the moral of this tale is: “tax avoidance” should be a part of the purchasing plan to get the biggest “bang” for your buck.

Tax Evasion/ illegal; Tax Avoidance/legal/smart!

Consider: an online purchase of $3,000.00 subject to Ohio and Hamilton County sales tax @ 7% is the tidy sum of $210.00. I “grin & bear” the sting of Ohio income and other taxes. But, if I can avoid it I don’t make “charitable” sales tax donations to a “tax greedy” state.

Incidentally, I once thought that it was an insult; and illegal, for an FDIC insured financial institution to pay less than 5.25% on Passbook Savings, Certificates of Deposit; etc. I had been accustomed to 8% to 14% on CDs. Now 4% looks like a bank heist (“I’m conservative in all things financial; especially in terms of tolerance for investment risks).

There may be a better deal “out there” but the CORUS Bank, Chicago, IL, (online@corusbank.com) is offering a “promotional” 12 Months CD with an APY @ 4%; minimum deposit $10,000.00. Not bad; all things considered; and they are not on the Better Business Bureau “bad actor hit list.” After dialing the Bank’s (800) 555-5710 number and going through the standard “push button number, for…” menu - a Bank Customer Service Rep. actually answers; promptly.
Comments:11 Replies - Latest reply on 2005-04-08
Posted by virginiasoreback on 2005-04-05:
It might be helpful to you, and the whole world, too, if you would consent to have that prickly bur, that’s lodged in the sigmoid of the descending colon - excised.
Posted by Slimjim on 2005-04-05:
Why is half your post talking about the revelation on the workings of sales tax, if your intent was to talk about a CD offer? The whole post comes off as a conglomerate of “half-information” someone just Googled up.
Posted by virginiasoreback on 2005-04-06:
“slimjimjohnson2000,”

I don’t know why but that handle has impressive cadence.

I wonder if what you are drinking from that gourd is legal.

If it wouldn’t be too taxing - go back and read the post.

From the “git-go” - at the very top of the post I wrote: Taxes: Good, Bad, Ugly.
CDs - - Taxes; Certificates of Deposit.” That’s a dichotomy (division into two parts). (The subject or title was arranged according the forum’s protocol. I probably muffed the information but I didn’t try to edit because it “effectively” indicated that, “for better or for worse,” there were two parts.

The intent to do a Part 1 and a Part 2 was clearly stated.

In the first paragraph I wrote: “This is PRIMARILY about Tax Evasion vs. Tax Avoidance;” (Part 1). “A ‘BONUS’ ‘mini’ wealth builder is TACKED ON;” (Part 2).

You condemn the post as a “conglomerate of ‘half-information;’” half of what universe of information(?).This wasn't statistical sampling.

I wrote fully of what I knew or thought I knew. When I reached the limits of what I knew – I stopped!

The information may have been poorly written and, perhaps, was “not worth a tinker’s ....;” but it was a good faith effort. Sorry it bent you all out of shape.




Posted by virginiasoreback on 2005-04-06:

"BackNBiz"

Thanks for the "heads-up."

It is not condescension to confess that the imaginary Rorschach inkblots images conjured-up, after tortured decoding, are amusing; at times. It puts my eccentricities (“innocuous; mind you”) into some skewed perspective.

Thanks for "getting my 'back!'"
Posted by Slimjim on 2005-04-06:
Hmm, for someone who uses such big words, you don't seem to say much- even if you did use them in proper context. Maybe you wouldn’t need anyone to watch your back if you didn’t come on the site attacking people unprovoked, but of course, you wouldn’t be a bizdrone then.
Posted by Slimjim on 2005-04-06:
lol, yeah bizbender I was crushed when she said my handle has "impressive cadence". I like the pic of txroadlill on your blog. Does she become Virginiasoreback when you flip her?
Posted by virginiasoreback on 2005-04-07:
I found “slim pickings” in your rant. But all was not lost – if you were crushed at the minor concession that you may have the inkling of an artful imagination - you prove that there can be satisfaction in “unintended consequences.”

I take some credit for having the cojones to give you credit where I thought credit was, dubiously, due!

I don’t know what a “big word” is but, I have been accused of using stilted language. It may be a holdover from the days I wrote proposals for governmental grants. It is not unusual to use so called “high hyperbole” to entertain the bureaucrat who controls the “purse strings.”

I believe that I’m acquainted with some mega-stilted words but I don’t use them – because I can’t spell them. Schadenfreude; (is “big”; spelled with the help of Webster) it is a word that would be alien to my disposition. I do not delight in the misfortune or misery of others.

It seems that you are entertained by your own rants and squawks; but the “Biz” seems to be there to clean-up after you!

“Long live “BackNBiz!”
Posted by Slimjim on 2005-04-07:
ROFLMAO, No wonder grants are so hard to get, they're written in moronese. All Hail the King of Krap!
Posted by virginiasoreback on 2005-04-07:
With the “siffer’s” gem of a post (04/07/2005) “HA! HA! HA! "long live BackNBiz"... WTF??” and what’s his name (?), ar’rah, “’slim…..’ to none’” the "dubious duo" was back in rare form with their sophomoric “ad hominem” diatribes (look it up).

“slim” used, what was to me, one of those “big high roller denomination” acronyms like ROFLMAO (but after that vigorous exercise you must be feeling pretty light in the part of the anatomy that is named in the honor of the dense, long-eared equine known as an a$$).

Being something of a city square who hasn’t been hanging on the block, lately, I had to Google to get some clue about what he is ♀ ‘k-9-ing’ about now.

Funny; the Administrators shot me down when I tried to abbreviate “siffer” by using the first three letters. Apparently, they thought that I was trying to associate the “siffer” with the forbidden reference to a STD.

If you want to be an effective sniper – keep your “ghoul bond” power dry; and don’t “siffer” it.


Posted by Anonymous on 2005-04-08:
I have a question to va-softback and buz; Which one of you is Frazier and which one of you is his brother, Niles?
Posted by Slimjim on 2005-04-08:
If having our names enclosed in a post of absolute incoherent gibberish by a goof who thinks a thesaurus will make him sound smart is being shot down biz, well then you’d have a case. How it is someone who drafts grants and has such a broad vocabulary, doesn’t understand sales tax and can’t even type 3 letter words. Sif sif SIF. All worked for me, but then, I’m addy’s “pet” right?

Your Name:
(displayed with your comment)
Your E-mail:
(required)

Your Experience/Advice:
Check spelling


By clicking submit you agree that you have read and accept the Terms of Service & Privacy Policy.


Note: All comments are reviewed by a moderator before being published. Please be sure to read our guidelines before commenting.