Gross Receipts Tax Comparison
Gross Receipts Tax Comparison| Industry | Los Angeles |
Culver City |
||||
Tax Rate (per $1,000) |
% of Revenue |
Total Based upon $75 Million in |
Tax Rate |
% of Revenue |
Total Based upon $75 Million in |
|
| Professionals and Occupations Businesses | $5.28 |
0.528% |
$396,000 |
$3.00 |
0.300% |
$225,000 |
| Typical 100,000 SF Professional Office Tenant |
L.A. |
Culver City |
Savings |
|
| Square Footage | 100,000 |
100,000 |
|
| Revenue | $75,000,000 |
$75,000,000 |
|
| Annual Gross Receipts Tax | $396,000 |
$225,000 |
$171,000 |
| Annual Gross Receipts Taxes/SF | $3.96 |
$2.25 |
$1.71 |
| Monthly Gross Receipts Taxes/SF | $0.33 |
$0.19 |
$0.14 |
