Thursday, June 23, 2005
The DC Gross Reciepts Tax
Businesses are Livid
And they should be. The gross reciepts tax is a joke, it requires businesses to pay a tax (regardless of if they have a profit) to fund the building of a stadium to allow the soon to be annouced private owners of the team to make a profit. It's not a tax that will be invested in infrastructure improvements or other expenditures that would improve businesses ability to operate in DC. And businesses are fighting back. Good for them.
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/22/AR2005062202179.html
And they should be. The gross reciepts tax is a joke, it requires businesses to pay a tax (regardless of if they have a profit) to fund the building of a stadium to allow the soon to be annouced private owners of the team to make a profit. It's not a tax that will be invested in infrastructure improvements or other expenditures that would improve businesses ability to operate in DC. And businesses are fighting back. Good for them.
http://www.washingtonpost.com/wp-dyn/content/article/2005/06/22/AR2005062202179.html
