Thread: Taxes
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Old 04-18-2006, 02:00 PM
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Recently learned about some BS regulation the IRS uses. They have some formula (everyone figured out the old formula so they changed it) to determine this using a companies income versus expenses. If a company is sitting on what they view as too much cash based on this formula, they will fine the company. Basically, you are not allowed to sit on your cash as they don't make enough money off of it. They will fine you until you spend what they have determined as enough of your companies cash either by paying higher salaries (so the recipient has to pay more taxes) or spending it on other expenses so that someone else can pay the taxes. Just another way for the IRS to screw people/companies over
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