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The United States, and most countries, have a complex system of taxation for businesses, which includes both federal and state income taxes. In addition, there are several other forms of taxation that apply to the adult industry, including payroll taxes, property taxes, sales taxes, and even an excise tax on condoms.
There are two main types of federal taxation: corporate and individual. Corporations pay taxes based on their profits, while individuals pay taxes based on their personal incomes.
States impose additional taxes on businesses, such as corporations and partnerships. These taxes are called “gross receipts taxes” because they are imposed on the total gross income of the business.
In addition to these gross receipts taxes, states often impose other taxes on businesses. These taxes are called "business privilege taxes" because they are imposed on certain business activities.
The United States has no direct taxation of any kind on its citizens. However, there are several ways that U.S. companies doing business abroad can be taxed by foreign governments.
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