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Non-Tech : Littlefield Corporation (LTFD)
LTFD 0.1700.0%Sep 29 11:29 AM EST
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To: SE who wrote (5691)12/18/1997 9:37:00 AM
From: Ed Pettee  Read Replies (2) of 10368
 
Scott, Current discussion in the state is to place a tax of about 20% on the bottom line profits. Or 31000 @ $20,000 (State Average) =$630,000,000 @20%= $126,000,000. This is double the currently estimated 31000 machines @ $2000 per year or $60 million. This would eliminate the $2000 current annual license fee. With these kind of numbers I can't conceive of the politicians turning their back on this revenue, which would have to be raised in an other manner.
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