Double weighting the sales factor effectively decreases the corporate income tax burden on taxpayers based in the state, such as entities with in-state headquarters.
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Q3: Usually a business chooses a location where
Q4: Under P.L. 86-272, the taxpayer is exempt
Q7: A state can levy an income tax
Q8: If a state follows Federal income tax
Q14: Politicians frequently use tax credits and exemptions
Q15: A typical state taxable income addition modification
Q17: Typical indicators of income tax nexus include
Q18: Most states begin the computation of corporate
Q20: An assembly worker earns a $50,000 salary
Q21: Most states exempt consumer purchases of groceries
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