Some Ill-Informed

Sooners Desire To

Slap A Sales Tax On

Business Services

The majority of states repealed their gross receipts taxes in the 1920s and 1930s and replaced them with retail sales taxes, but in the last two years, states have begun to reinvestigate gross receipts taxes.

States have been down this road before. In the mid-2000s, several states explored adding gross receipts taxes. Michigan, New Jersey, and Kentucky added gross receipts taxes, but quickly repealed them due to their economic consequences.

The experience in Michigan, New Jersey, Kentucky & Indiana reveal how gross receipts taxes have a negative impact on the economy. Indiana demonstrates how gross receipts taxes are outmoded, can tax different industries at varying effective rates, and discourage business; New Jersey demonstrates how disproportionate and arbitrary the tax can be, which places an unfair burden on businesses; Kentucky’s tax shows how some businesses are placed at a disadvantage compared to others and that investment levels dampen; and Michigan provides evidence that gross receipts taxes add layers of tax complexity that decrease competitiveness.

Get in Touch With Me.

Call me at 405 810-8119 with any questions or to schedule an appointment.

 

Greg Karnes CPA

4301 NW 63rd St, Suite 200

Oklahoma City, OK 73116-1504

 

Or you may use my contact form.

 

Competitive Fee Structure

 

… but if you are looking for the cheapest, you are probably best served by looking elsewhere…

New tax clients are expected to provide copies of their last 3 years of tax returns and provide permission to contact prior accountant to resolve any issues, if necessary.

 

Regretfully, I am unable to accept new clients who have unfiled prior-year’s tax returns,  who are not current with all prior tax obligations, are involved in any marijuana-related business ventures, have any income from gambling, or are personal-injury attorneys.

 

Though not required, supporters of President Donald J. Trump & Governor Kevin Stitt are generally preferred.

ODELL BECKHAM JR.

NOVEMBER 23, 2014

GREATEST CATCH EVER ??

RUSSELL WESTBROOK

FEBRUARY 16, 2015

NBA ALL STAR GAME MVP

41 POINTS  

3RD MOST EVER SCORED

OU SOONER - SAMAJE PERINE

NOVEMBER 22, 2014

427 RUSHING YARDS

MOST EVER BY A COLLEGE RUNNING BACK

LOWER TAXES

=

HIGHER GOVERNMENT REVENUE