Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Is it true about Costco? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/true-about-costco-349504/)

Altavia 04-29-2024 06:39 AM

Quote:

Originally Posted by badkarma318 (Post 2326166)
It will be interesting to see how much business the new Costco will take away from Sam's, BJ's, and nearby gas stations.

I would think that most people who shop at the previously listed big box stores do so by default only because of convenience/proximity, and due to the fact that there isn't currently a Costco in The Villages. I'm sure there are a few holdouts who will claim that those existing stores are better. They are incorrect.

The residents of Middleton in particular should be quite happy with the news.

Existing business will also loose experienced/trained employees/managers to COSTCO.

The Clermont COSTCO is probably a faster/easier drive most times from Middleton and other southern Villages than driving north/south through the Villages.

graciegirl 04-29-2024 06:47 AM

Quote:

Originally Posted by thelegges (Post 2326140)
Goldwing new video states Costco has been in the works for few years, so guess there was a lot of back and forth for the property. But can’t imagine developers gave them much. If you remember not that long ago PF Chang’s was coming to Brownwood, Then it wasn’t.
So deal or no deal, developers have upper hand.

That is how business works. To make money. There is no shame in that. It is a matter of negotiation. Of course the developers have the upper hand. That doesn't make them wrong or bad or evil or stupid. Money is a very important factor in this world and we all should have a little too much rather than not quite enough.

thelegges 04-29-2024 06:52 AM

Quote:

Originally Posted by Altavia (Post 2326241)
Existing business will also loose experienced/trained employees/managers to COSTCO.

The Clermont COSTCO is probably a faster/easier drive most times from Middleton and other southern Villages than driving north/south through the Villages.

I agree pike is less than 2 miles for us, to Clermont, plus a pleather of great restaurants. If we are in the area will drop into new Costco, but that doesn’t happen often. But still very happy Costco is coming and very glad we have so little retail in the south.

Goldwingnut 04-29-2024 07:04 AM

Quote:

Originally Posted by Altavia (Post 2325997)
Analysis. Costco Wholesale's effective tax rate for fiscal years ending September 2019 to 2023 averaged 24.2%. Costco Wholesale's operated at median effective tax rate of 24.4% from fiscal years ending September 2019 to 2023.


The Complete Toolbox For Investors | finbox.com.

A great misconception here, they didn't pay a dime of taxes out of their profits, the taxes were taken out before profits. Businesses don't pay taxes, they collect taxes and pass them on to the government, the customer/end user pays the taxes. If you raise taxes on a business they raise their price to cover the increase in costs. To a business taxes are no different of an expense than labor, material, fuel/energy, etc., it's just another part of the cost deliver the product that will be marked up to make their final profit. Any business that doesn't understand this concept and operate in this manner quickly goes out of business.

The big lie in Washington DC is to raise corporate taxes and not raise taxes on the people, total BS, the people will always pay the higher tax bill.

thelegges 04-29-2024 07:12 AM

Quote:

Originally Posted by graciegirl (Post 2326246)
That is how business works. To make money. There is no shame in that. It is a matter of negotiation. Of course the developers have the upper hand. That doesn't make them wrong or bad or evil or stupid. Money is a very important factor in this world and we all should have a little too much rather than not quite enough.

My post wasn’t about attacking the developers as you are posting. But not the first time you jump on a post because you “Think” someone is unhappy with developers.

My post was responding to someone who thought developers gave them a deal.

My comment was about Costco has been in the works for years according to Goldwing.

So maybe a little back and forth, but developers still have the upper hand.

Altavia 04-29-2024 07:44 AM

Quote:

Originally Posted by Goldwingnut (Post 2326259)
A great misconception here, they didn't pay a dime of taxes out of their profits, the taxes were taken out before profits. Businesses don't pay taxes, they collect taxes and pass them on to the government, the customer/end user pays the taxes. If you raise taxes on a business they raise their price to cover the increase in costs. To a business taxes are no different of an expense than labor, material, fuel/energy, etc., it's just another part of the cost deliver the product that will be marked up to make their final profit. Any business that doesn't understand this concept and operate in this manner quickly goes out of business.

The big lie in Washington DC is to raise corporate taxes and not raise taxes on the people, total BS, the people will always pay the higher tax bill.

Precisely!


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