3 ms·
You mean 17.5% of the profits on top of the 35%?
by orijing 15y ago
You mean 17.5% of the profits on top of the 35%?
- yummyfajitas 15y agoIt's only 35% of value above 5MM, so (in my hypothetical) the IRS becomes a 17.5% shareholder of the company. Like any 17.5% shareholder, they are entitled to 17.5% of the profits (ignoring details like profits not immediately distributed to shareholders).