New York's Cooperative and Condominium Community
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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