Twetch ·
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 ·
interested to hear more about this
Twetch ·
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 ·
Gov: Why you got all that money?
Me: Rain day fund...
Gov: Give us back our money
Twetch ·
wtf