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I am undecided on measure 97 tbh. I think it was poorly written, and i generally dont agree with taxes on sales. However, c corps already have minimum taxes based on sales, so that isnt changing. Its only increasing for those that make more than $25 million in sales.
Mega corporations are mostly c corps. Your mom and pop shops will not be directly affected because most of them are s corps, sole props, sometimes partnerships, and/or will be less than 25 million in gross sales.
Could it raise prices? Maybe. Not as much as people are trying to make it sound like though. Most of these big corps are already paying calculated tax, so they wouldnt pay minimum tax anyways.
Mega corporations are mostly c corps. Your mom and pop shops will not be directly affected because most of them are s corps, sole props, sometimes partnerships, and/or will be less than 25 million in gross sales.
Could it raise prices? Maybe. Not as much as people are trying to make it sound like though. Most of these big corps are already paying calculated tax, so they wouldnt pay minimum tax anyways.


