Jul. 4 at 12:40 AM
$DAVE The value of a deferred tax asset is calculated by multiplying total losses by the corporate tax rate. With a standard 21% federal corporate tax rate plus state taxes, this shield translates to roughly
$33.6 million in actual tax cash savings—meaning Dave will keep 100% of its cash profits on its next
$133+ million in earnings without losing a dime to federal corporate income taxes.