Peck by twetch#3033 - peck.to

twetch#3033 6.9y

1AKHVi…MfPE Key · twetch

Apparently my corporation is hodling too much cash 😂

And the US government actually has a special tax for such situations 😭🤦🏻‍♂️

#moMoneyMoProblems

What the chain says

Transaction: e76db99bbad486098c4285f98d146f931cb2a5bbd0898f82cab19306ea9dce15
Block: 608 548
Time: 2019-11-13T00:35:32Z
Signer: 1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE
App: twetch
Type: post
Content type: text/plain
Name in tx: twetch#3033

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1AKHViYgBGbmxi8qiJkNvoHNeDu9m3MfPE Verified

Replies (5)

twetch#3033 6.9y

1AKHVi…MfPE Key · twetch

Replying to@1AKHVi…MfPE

The IRS want they fifty plus our tithe
Man, that’s over half of the pie
I felt dry, that’s on God
~Kanye West

twetch#2022 6.9y

1AKHVi…MfPE Key · twetch

Replying to@1AKHVi…MfPE

interested to hear more about this

twetch#3033 6.9y

1AKHVi…MfPE Key · twetch

Replying to@1AKHVi…MfPE

It's called Accumulated Earnings Tax

It's a 20% tax levied on C-Corps that have over 250K in retained earnings.

If I don't provide a good enough explanation for why I'm hodling cash over 250K the gov takes 20%.

twetch#3033 6.9y

1AKHVi…MfPE Key · twetch

Replying to@1AKHVi…MfPE

Gov: Why you got all that money?

Me: Rain day fund...

Gov: Give us back our money

twetch#2022 6.9y

1AKHVi…MfPE Key · twetch

Replying to@1AKHVi…MfPE

wtf