Cool story......where in the regs does it say they tax revenue? Link?
As I've explained to you before; All corporate expenditures are seen as a percentage of revenue.
But the facts remain. The left believes in promoting the poor with credit, you. The right believes in promoting the wealthy, me.
All corporate expenditures are seen as a percentage of revenue
But federal corporate taxes are seen as a percentage of earnings.
You can have tons of revenue, but with losses, your tax would be zero.
So spill it, what rate does your Nevada corporation pay on its earnings?