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To: Ennis85

I suggest an annual state sales privilege share tax apportioned like state income tax to patch up state finances and pension funds.

Imagine if Big Corporation had one billion shares outstanding and did 5% of its sales in the state.

At a tax rate of 2%, .05x2%(.1%) of the number of shares outstanding (one million) would have to be newly issued to the state.

These shares could be placed in the state pension fund to minimize the need for cuts to say K-12 schooling.

S Corporations would be exempt from the tax.


19 posted on 06/01/2020 6:35:17 AM PDT by Brian Griffin
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To: Brian Griffin

Imagine you do a lot of business with that Big Corp because they sell a product no one else does but which your business absolutely depends on. Imagine the price of the product going up 2% ...


23 posted on 06/01/2020 7:21:28 AM PDT by PIF (They came for me and mine ... now its your turn)
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