> Current teachers also responded saying it’s not in the curriculum.

That's the statistic you actually want.

Tell me you don’t work in the the industry and have never looked at a P/L without telling me you don’t work in the industry and have never looked at a P/L.

That’s how Walmart annihilated mom and pop shops. Low margin times massive scale still equals massive profits, but no small shop can possibly operate on such low margins.

The real tragedy is when a Walmart kills all the small stores, but then the location closes for not being profitable enough

This is Reddit. It’s not a given these are adults “decades later”. Current teachers also responded saying it’s not in the curriculum. I link to the thread in my top comment.

Keep in mind that a substantial number of people couldn't even tell you what century World War II was fought in, or what countries were on which sides in that war.

I find it to be unlikely that adults decades later would have any idea if they were taught in school about a 1912 Forsyth County incident. Self reports are not the way to know what is or was taught in school.

Is worth noting that about half their workforce is part time. It’s one thing if it’s a full time employee of theirs on assistance, but if it’s someone that works there like 1 day week, that’s kinda different.

We don't. It's called a standard deduction.

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And now I'm thinking of how people pay taxes on personal "revenue" instead of on earnings.

Imagine if we didn't have to pay taxes until cost of living was taken out... rent, food, gas, car payments.... Life has operating expenses.

Cool, I haven't heard of that before!

Edit: Actually I just ran through calculating this stat. The comparison with points is pretty much the same as the above, as you might expect. Comparing this stat to the goal differential though; every team is on a tight line with the exception of the ducks, who are underperforming (relative to this statistic). Plots here: https://twitter.com/Super_Fluid_/status/1628115662261587968

It also looks extremely fragile. If the cost of sales goes up just a little faster than then revenue then BAM, all profit gone.

What are you referring to? Who are you criticizing?

Doesn’t the NHL have a hard salary cap?

Their tax is on profit, which was $20 billion

Also, the $6 billion is their income tax expense, which isn’t the same thing as the income tax they actually pay

How so?

I don’t know where you’re getting 6% from but I have never seen a retailer in this market pull 6%. I manage a medium sized chain and we run about 2%. Target pulls about 3%. Kroger pulls about 1.5. Walmart is usually around 2%. I’m very familiar with P/L’s in this industry and this all seems right.

Today 14 year olds on Reddit learn that retail has paper thin margins and that taxes are paid on earnings not revenue.

I swear we need an intro to economics, finance, and accounting class mandatory in high school in the country. The financial illiteracy on Reddit is absolutely astounding given how many hot takes are about these things.

Cost of sales does not include wages or overhead. Only purchases.

The department of education does. Do you want the literal names of the people? Not sure what you’re trying to understand or if you are asking a series of rhetorical questions.

That’s not who, those are large bureaucratic entities with, but for elected officials, no accountability. So how is it determined what “big events” should be taught and which “big events” there’s just not time for?

In baseball, this is called the Pythagorean W-L stat. It correlates very strongly with actual W-L but not perfectly. Some teams over/underperform.

Don't worry. Soon the Leafs will be losing the playoffs and all will be normal again.

Agree, not sure if they report that though.

Which one do you think is more profitable?

What a dumb analogy

Income tax is on income, not revenue.