Western Union, a service that remits cash, takes another painful cut whenever they send money home.

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According to the IRS, currently the top 1% remits 36.7% of all income taxes.

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The borrowers send the payment to Somolend, which then remits the corresponding payments to each of the borrowers.

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One imagines some overlap, although details of their remits are scant at best.

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Sales and use tax is usually paid by the consumer, but in most cases the seller collects and remits it.

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It pays for its operations out of the interest it receives on all the securities it holds and then remits the rest to Uncle Sam.

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It generally lasts for five to 10 minutes and then remits.

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BlackRock says it remits about two-thirds of the revenue it earns from securities lending to investors, while the rest goes to cover costs and boost the bottom line.

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Then, the restaurant remits the savings from serving less food to Halfsies, which donates it 60 percent to local hunger charities and 40 percent to global food relief organizations.

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