Special Taxes
There are many federal tax rules designed to prevent people from abusing the tax system. Provisions related to these taxes are often complex. Such rules include:
- Accumulated earnings tax on corporation accumulations in excess of business needs,
- Personal holding company taxes,
- Passive foreign investment company rules, and
- Controlled Foreign Corporation provisions.
Read more about this topic: Income Tax In The United States
Famous quotes containing the words special and/or taxes:
“Personal prudence, even when dictated by quite other than selfish considerations, surely is no special virtue in a military man; while an excessive love of glory, impassioning a less burning impulse, the honest sense of duty, is the first.”
—Herman Melville (1819–1891)
“...if I were to be murdered I would not want my murderer executed. I would not want my death avenged. Especially by government—which can’t be trusted to control its own bureaucrats or collect taxes equitably or fill a pothole, much less decide which of its citizens to kill.”
—Helen Prejean (b. 1940)