personal holding corp questions


J

john

1) What tax rate would a phc have on $500,000 in profit?
2) What could it do to avoid paying the punitive tax on
profits already made? Declare dividends, buy back stock,
or what?
3) What would a normal tax rate be?
4) Is there a NYS corp tax? If so, is it different for a PHC?

Thanks.
(approximate answers are better than none)
 
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