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

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Quizplus · Accepted Answer

A capital stock tax is indeed typically structured as an excise tax on a corporation's net worth, and it often uses financial statement data to determine the amount of tax owed. This tax is based on the value of a company's capital stock, which represents the company's net worth or equity.

A Capital Stock Tax Usually Is Structured as an Excise