39 U.S.C. § 3634: Assumed Federal income tax on competitive products income

the term “assumed Federal income tax on competitive products income” means the net income tax that would be imposed by chapter 1 of the Internal Revenue Code of 1986 on the Postal Service’s assumed taxable income from competitive products for the year; and the only activities of such corporation were the activities of the Postal Service allocable under section 2011(h) to competitive products; and the only assets held by such corporation were the assets of the Postal Service allocable under section 2011(h) to such activities. compute its assumed Federal income tax on competitive products income for such year; and transfer from the Competitive Products Fund to the Postal Service Fund the amount of that assumed tax. Any transfer required to be made under this section for a year shall be due on or before the January 15th next occurring after the close of such year.