The United States taxes the profits of US resident C corporations (named after the relevant subchapter of the Internal Revenue Code) at 21 percent.
Post by twetch#3033
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%.
What the chain says
- Block
- 626 817
- Time
- 2020-03-18T23:59:48Z
- Signer
- 1GPqbWQNSX8E5551YnanhMU4bhScjmHuYb
- 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
1GPqbWQNSX8E5551YnanhMU4bhScjmHuYb Verified