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A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...
It is recommended to name the SVG file “Federal, State, and Local income tax GDP.svg”—then the template Vector version available (or Vva) does not need the new image name parameter. Summary Description Federal, State, and Local income tax GDP.pdf
Franchise fees are governed under Section 622 of the Cable Communications Act of 1984. [2] Section 622, states that municipalities are entitled to a maximum of 5% of gross revenues derived from the operation of the cable system for the provision of cable services such as Public, educational, and government access (PEG) TV channels.
Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
Tax is collected by the Kansas Department of Revenue. Revenue shortfalls resulting from lower than expected tax collections and slower growth in personal income following a 1998 permanent tax reduction have contributed to the substantial growth in the state's debt level as bonded debt increased from $1.16 billion in 1998 to $3.83 billion in 2006.
"Franchise" (stylized in all caps) is a song by American rapper Travis Scott featuring fellow American rapper Young Thug and British rapper M.I.A. Originally titled "White Tee", the song interpolates Dem Franchize Boyz's song of the same name. The bass-heavy track finds the rappers boasting about their commercial successes.
[citation needed] The effects of suburbanization were exacerbated by the small geographical size of St. Louis due to its earlier decision to become an independent city, and it lost much of its tax base. During the 19th and 20th century, most major cities aggressively annexed surrounding areas as residential development occurred away from the ...