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LSDefine

Simple English definitions for legal terms

gross-receipts tax

Read a random definition: swein

A quick definition of gross-receipts tax:

A gross-receipts tax is a type of tax that the government charges on businesses based on the total amount of money they earn. Taxes are charges that the government imposes on people, businesses, or property to raise money for public needs. Taxes can be paid in different forms, such as money or goods. A tax that has been incurred but not yet paid is called an accrued tax. An admission tax is a tax that is included in the price of admission to an event.

A more thorough explanation:

A gross-receipts tax is a type of tax that is imposed by the government on individuals, businesses, transactions, or property to generate public revenue. This tax is usually a percentage of the total amount of money received by a business or individual, regardless of their expenses or profits.

  • An example of a gross-receipts tax is a sales tax, which is a tax on the total amount of sales made by a business.
  • Another example is a business license tax, which is a tax on the total amount of revenue earned by a business.

These examples illustrate how a gross-receipts tax is calculated based on the total amount of money received, without taking into account any expenses or profits. This type of tax can be applied to various types of transactions or activities, such as sales, services, or licenses.

gross receipts | gross-rent multiplier

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General chat about the legal profession.
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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