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Re: HighPeaks post# 45914

Tuesday, 12/13/2016 12:34:30 AM

Tuesday, December 13, 2016 12:34:30 AM

Post# of 108590
It would be 75k in taxes paid on what was left in the company after bonuses and distributions. Most of the taxes paid on profit are paid on personal taxes of the largest shareholders. Deleware corporate tax rate is 8.7%. That would be 862k left in the company for reserves and working capital and taxed. It would be very easy for a company to leave 862k lying around for a couple months of expenses in the coffers if their pulling in 40-50 Million per year.
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