Post by twetch#2022

1sNJWU…Qwas Key · twetch

The United States taxes the profits of US resident C corporations (named after the relevant subchapter of the Internal Revenue Code) at 21 percent.

What the chain says
Block
626 812
Time
2020-03-18T23:00:56Z
Signer
1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#2022

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

Signed by 1sNJWUrAYfdxAKN1zGq3t9hwyR6ynQwas Verified

Replies (1)

1GPqbW…HuYb Key · twetch
Replying to@1sNJWU…Qwas

And let's not forget...

twetch#3033 6.9y

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%.