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Your statement:
and, thus, NOT an assesment amount that equals the total of the abatement credit on non-sponsor maintaience bills. comprendo?
Going to my example that got you so upset:
If you were to raise $36,000
$36,000 / 9 worthy shareholders = $4,000 a piece each
$36,000 / 10 shareholders incl. sponsor = $3,600 a piece each.
Difference = $ 400.
Now, the 10 shareholders raised $36,000, but you will return to 9 sharholders $4,000. So, the amount raised or returned to you by way of an abatement are not equal.
Being "nasty" again, $4,000 (returned) > $3,600 (assessed).
In other words, every shareholder including the sponsor is assessed $3,600 to raise $36,000. Worthy shareholders get back $4,000. So, the abatement amounted to $4,000, but only got back $400.
On the other side, the sponsor pays $3,600 but gets nothing back, i.e., does not get like the other shareholders $400 because is not qualified.
The bottomline is as follows: the co-op was short $36,000 in their taxes or wanted to collect money above and beyond to match the check, every one pays the same.
I know it's a bit confusing, but it would be easier to let the shareholders know that no distribution and request the sponsor to pay the $3,600, which divided by the 9 shasreholders happen to be $400 a piece.
As I mentioned in my example, the $400 or the $3,600 is not a contribution or a windfall, but the fair share of NYC taxes that the sponsor needs to pay since it's not qualified under the program.
Now... don't ask the same question next year!
AdC
what you are saying here is what i have said already. you are saying each non-sponsor sharheolder ends up with an extra $400 after all is sadi and done. This is a windfall.
got it? That is what I said from the start - but, somehow you still do not address the core of the question. what do you think my question is:
If you were to raise $36,000
$36,000 / 9 worthy shareholders = $4,000 a piece each
$36,000 / 10 shareholders incl. sponsor = $3,600 a piece each.
Difference = $ 400.
Now, the 10 shareholders raised $36,000, but you will return to 9 sharholders $4,000. So, the amount raised or returned to you by way of an abatement are not equal.
Being "nasty" again, $4,000 (returned) > $3,600 (assessed).
In other words, every shareholder including the sponsor is assessed $3,600 to raise $36,000. Worthy shareholders get back $4,000. So, the abatement amounted to $4,000, but only got back $400.
On the other side, the sponsor pays $3,600 but gets nothing back, i.e., does not get like the other shareholders $400 because is not qualified.
The bottomline is as follows: the co-op was short $36,000 in their taxes WHAT DOES THIS MEAN ADC? HOW CAN THEY BE SHIRT IN TAXES IF THEY ARE GETITNG A REBATE? or wanted to collect money above and beyond to match the check, every one pays the same. EVERYONE DOES NOT PAY THE SAME - YOU JUST SAID SO ABOVE.
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firstly, you present a barely comprehensible example. It is a mess. secondly, , i did not get upset by any example of yours. I just was amazed that you did not understadn what i was saying. also your example is totally unclear and you fail to answer the question.
WHAT IS THE STANDARD WAY OF BILLING??? SEE LAST POSTING AND JUST ANSWER PLEASE. NOTE: FDNYC MUCH SHARPER THAN YOU - THEY GOT IT RIGHT AWAY.
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