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[quote=Anonymous][quote=Anonymous][quote=Anonymous]All these parent think like sidwell board.

This is from the washington post in 2020 related to the paycheck protection program intended for small businesses:

The Board determined that accepting the loan was appropriate and fully consistent with its fiduciary responsibilities, as well as our Quaker values,” Sidwell board members wrote in a letter to the school community.

Enjoy your subsidies rich families. You deserve it !!![/quote]

Here some simple math for you. It costs on average $19,750 a year to educate a student in Fairfax County. Our private has 650 students. $19,750 x 650 = $12,837,500, that’s the taxes that private school parents pay for services not used. The average corporate tax rate in the US is 21%. So assuming $55,000 tuition X 650 students = $35.75M in revenue for the school taxed at 21% = $7.5M in ‘owed’ taxes. The taxes owed or ‘exemption’ is still significantly less what are paid by the parents. [/quote]

Oh, these tax calculations are based on revenue and not profit so they are extremely conservative. [/quote]

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