A capital stock tax usually is structured as an excise tax imposed on a corporation's "net worth," using balance sheet data to compute the tax.

Name: A capital stock tax usually is structured as an excise tax imposed on a corporation's "net worth," using balance sheet data to compute the tax.
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In some states,the corporation pays the greater of the computed income and capital stock taxes.Most states,however,subject the corporation to both levies.

A Capital Stock Tax Usually Is Structured as an Excise