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Personal Holding Company Tax |
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Personal Holding Company Tax A 15% tax added to corporate taxes in the United States on corporations in which five or fewer persons control at least half of the company's stock and at least 60% of the company's income is passive income from companies it owns. This tax is levied to discourage the existence of personal holding companies. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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