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(Lex 18)   Businessman buys $200,000 worth of merchandise at closing Kmart store, donates it all to local county community services and also rents them a warehouse to keep it in   (lex18.com) divider line 13
    More: Hero, Clark County, Winchester, Kmart, merchandise  
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4637 clicks; posted to Main » on 19 May 2012 at 9:11 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-05-19 09:37:23 PM  
3 votes:
Think how much more good he could do if he gave that money back to the Government.
2012-05-19 09:32:51 PM  
2 votes:
Tax write-off.
2012-05-19 09:28:03 PM  
2 votes:
Damn is it dusty in here...

/Yeah, I know--Kmart stuff
//Still, the guy has a heart
2012-05-20 04:40:42 AM  
1 votes:

hbk72777: Nice to see people helping the poor in THIS country for once. Clooney/Gates/Jolie/Pitt etc all worry about helping other farking people before our own.


Really, are the people in New Orleans not our own, or is it more likely that you're just a dick?

Occam says....

You're a dick.
2012-05-20 12:25:45 AM  
1 votes:

Silverstaff: qwave54: /Tahiti is not in Europe

Excuse me. When you get the box, give us geography lessons. Until then, this man goes to Tahiti

/Setec Astronomy


Too many secrets!
2012-05-19 11:47:31 PM  
1 votes:

qwave54: /Tahiti is not in Europe


Excuse me. When you get the box, give us geography lessons. Until then, this man goes to Tahiti

/Setec Astronomy
2012-05-19 10:15:15 PM  
1 votes:
'Excuse me sir, I'd like to buy all these toys for some needy children. Is this enough dirty, dirty money?'

'Why yes!'
2012-05-19 10:08:32 PM  
1 votes:

qwave54: $20,000 cash cost
$200,000 "retail value" donated to charity

~41% of $200,000 as tax writeoff = $82,000

So news and public see this as a generous and kind act, he sees it as yay free $60,000!

/Tahiti is not in Europe


I know next to nothing about taxes but is that really how it works? You get the writeoff on the value of the items and not on the amount of money spent? That just seems wrong but so do many things involving tax law.....
2012-05-19 09:49:48 PM  
1 votes:
Hmm a rich guy who might actually be a decent human being.
2012-05-19 09:38:45 PM  
1 votes:

Mazzic518: My local news said it was $20,000


200k was the retail value. 20k which is what he spent, which is what you'd expect for an about to shut down store that's already had a clearance for the customers. It's very customary for a single person/business to buy what's left of a store after a closing sale for both businesses and estates but just about all do it make a buck reselling it.
2012-05-19 09:23:43 PM  
1 votes:
Just wait until Mittens is elected, he'll have anti-capitalist bastards like this thrown in jail.
2012-05-19 09:20:29 PM  
1 votes:

Mazzic518: Harry_Seldon: How many jobs did the greedy capitalist cut to get the money to buy stuff off the needy?

He runs a pawn shop tard



and he bought for them not from them........tard.
2012-05-19 09:15:57 PM  
1 votes:

Harry_Seldon: How many jobs did the greedy capitalist cut to get the money to buy stuff off the needy?


He runs a pawn shop tard
 
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