Actually it is because they have so many shares authorized it is nothing to do with profit. Why authorize them and pay big bucks unless they are used? If they made so much how come they cannot pay?
Go to the site to which "ttattletell" provided a link. This tax for SPNG, and all other corporations, is based on the number of Authorized Shares, not income. There is an income/asset tax, also, but that is in addition to the $165,000.00
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