-From 2019-22, 40% of companies paid only $100 in franchise tax, including 12% of companies with income over $1 billion.
-63% of corporations paid no excise tax
-over half of state revenues come from a 7% sales tax
-one of 11 states that tax groceries (at 4% rate)
-From 2019-22, 40% of companies paid only $100 in franchise tax, including 12% of companies with income over $1 billion.
-63% of corporations paid no excise tax
-over half of state revenues come from a 7% sales tax
-one of 11 states that tax groceries (at 4% rate)