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> companies are taxed on profits not revenues (!!) Businesses are always taxed on profits, not on revenues.

• ahoyhere 16y ago
  Not true. Seems like quite a few places in the world have a tax on gross receipts - including, of all absurdity, Philadelphia.
  • born2web 16y ago
    same is the case in the state of Washington - 2% B&O tax on revenue.