Discount Drug Mart a Chain Store Guide list of the top 100 drug chains. The early 1990s brought increased competition to the industry. Discount Drug Mart was still smaller than the Ohio drug store chains of Revco and Phar-Mor, and were being threatened by superstores Kmart, Wal-Mart, and Target Corporation. Discount Drug Mart expanded across Ohio through the 1990's. Discount Drug Mart Discount Drug Mart, Inc., is an Ohio-based drug store chain. Its first store opened in Elyria, Ohio in 1969. In 1969, Parviz Boodjeh established the first Discount Drug Mart in Elyria, Ohio. The store originally filled prescriptions, and sold toiletries, grocery,
S corporation corporations may also, in certain circumstances, pay income taxes on untaxed profits that were generated when the corporation operated as a C corporation. This is very common with uncollected accounts receivable or appreciated real estate. For example, if an S corporation that was formerly a C corporation sells an appreciated asset (such as real estate) and the appreciation occurred during the time the corporation was a C corporation, the S corporation will probably pay C corporation taxes on the appreciation—even though the corporation is now an S corporation. This Built In Gain (BIG) tax rate is 35% on the appreciated