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PROOF Acquisition I (PROOF Acquisition I) Tax Rate % : -12.84% (As of Sep. 2023)


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What is PROOF Acquisition I Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. PROOF Acquisition I's Tax Expense for the three months ended in Sep. 2023 was $0.18 Mil. PROOF Acquisition I's Pre-Tax Income for the three months ended in Sep. 2023 was $-1.39 Mil. Therefore, PROOF Acquisition I's Tax Rate % for the quarter that ended in Sep. 2023 was -12.84%.

PROOF Acquisition I Tax Rate % Historical Data

The historical data trend for PROOF Acquisition I's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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PROOF Acquisition I Tax Rate % Chart

PROOF Acquisition I Annual Data
Trend Dec21 Dec22
Tax Rate %
- 33.26

PROOF Acquisition I Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 37.31 23.66 24.99 28.77 -12.84

PROOF Acquisition I Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

PROOF Acquisition I's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0.773/2.324
=33.26 %

PROOF Acquisition I's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=0.179/-1.394
=-12.84 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PROOF Acquisition I Tax Rate % Related Terms

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PROOF Acquisition I (PROOF Acquisition I) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » PROOF Acquisition Corp I (NYSE:PACI.WS) » Definitions » Tax Rate %
Comparable Companies
TLGY PLMI LCA IRAA WNNR KRNL NSTD SAMA ROSS ESHA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
11911 Freedom Drive, Suite 1080, Reston, VA, USA, 20190
Website
PROOF Acquisition Corp I I is a newly-formed blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.