I never knew this before:
Quote:
The Postal Accountability and Enhancement Act requires the Postal Service to compute its assumed federal income tax on the income earned from its competitive products each year. Rather than paying that income tax to the Treasury, however, the Postal Service essentially pays itself. The money is transferred from the Competitive Products Fund to the Postal Service Fund, and can be used to fund the postal network as a whole.
So if I understand it correctly, all of the hype the USPS puts into their news releases about not accepting any tax dollars is really just a front for the fact that instead of the USPS paying taxes to the Federal government and having them give it back to the USPS for their operations, the USPS pays itself the equivalent of what their Federal Income Tax would be each year.
http://blog.uspsoig.gov/index.php/2...tal-service/
Posted 09/18/2012 2:54 pm
