but the target ain't the biggies ... it's the baddies
If so then the plan in your earlier post misses the target.
"The Citizenship Tax
The Citizenship Tax is levied on the absolute gross receipts of an entity, from all sources and for all amounts received in its name by entities it controls. (i.e., franchises). The tax is progressive. Assuming a base rate of 2%, 2% is added to the rate each time the receipts increase by one decimal position, thus:"
Annual Gross Receipts Tax Rate
$10 2%
$100 4%
$1,000 6%
$10,000 8%
$100,000 10%
$1,000,000 12%
$10,000,000 14%
$100,000,000 16%
$1,000,000,000 18%
$10,000,000,000 20%
$100,000,000,000 22%
$1,000,000,000,000 24%
$10,000,000,000,000 26%
$100,000,000,000,000 28%
$1,000,000,000,000,000 30%
$10,000,000,000,000,000 32%
$100,000,000,000,000,000 34%
$1,000,000,000,000,000,000 36%
$10,000,000,000,000,000,000 38%
$100,000,000,000,000,000,000 40%
Message 22139385
That is aimed purely at "biggies". If your "small and bad" you don't get hit much. If your "big and good" you get hit hard. |
