The Personal Holding Company Tax

Abstract: 9 pages. This paper delves into the history and current use for the little-known personal holding company tax, as well as touching on the legislation initiated to abolish it. The personal holding company tax is one that is rarely invoked. It was a provision that was passed in the 1930's in order to discourage rich families from incorporating assets to shelter their income. Incorporating a small business can in fact turn out to be an intelligent decision; however, some of the tax benefits have been reduced or eliminated by laws passed by Congress since 1982. Generally, only thirty percent of a corporation's dividend income is taxable. Find out more in this research paper. Bibliography lists 11 sources.

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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