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> REGRESSIVE FEATURES: Imposes a gross receipts tax in lieu of a corporate profits tax Similarly, how is a corporate profit tax less regressive than a sales ta
by legitster 4y ago
> REGRESSIVE FEATURES: Imposes a gross receipts tax in lieu of a corporate profits tax
Similarly, how is a corporate profit tax less regressive than a sales tax? Won't the price be passed on to consumers all the same?
- _-david-_ 4y agoSales taxes usually are not applied on some items like food. Corporate taxes are usually on all corporations regardless of their industry (excluding charities).
- lotsofpulp 4y agoOnly unprepared foods are exempt from sales tax when there are exemptions.