Skip to content
NACD 2016 Tax Survey
1.
Optional:
Contact Name:
Company:
Email Address:
2.
How is your company organized?
C Corporation (publicly-traded)
C Corporation (privately-traded)
S Corporation
Employee-owned S Corporation
Other pass-thru structure
3.
Where is your company headquartered?
4.
In which states are your facilities? (please list)
5.
How many employees do you have?
1 to 50
51 to 100
101 to 200
201 to 500
501 to 1,000
More than 1,000
6.
What were your company's sales in the most recently completed fiscal year?
$1 Million to $9.9 Million
$10 Million to $49.9 Million
$50 Million to $99.9 Million
$100 Million to $249.9 Million
$250 Million to $1 Billion
Over $1 Billion
7.
What is your average effective Federal income tax rate over the last 3 years?
8.
List all tax expenditures you utilize:
9.
List expired items or items you would like to see expanded:
10.
List the biggest tax related or administrative burdens you would like to see eliminated:
11.
Does your company utilize the LIFO accounting method?
Yes
No
STOP
HERE
if the answer to question #11 is "No
12.
In your business, have increased supply chain efficiencies reduced your inventory levels to the point that it has changed the importance of LIFO?
Yes, LIFO is less important
Yes, LIFO is more important
No, increase supply chain efficiencies have NOT made LIFO any less or more important
13.
If LIFO were to be fully repealed, what actions would you likely have to take to raise the capital necessary to pay the recapture tax? (check all that apply)
Lay off workers/reduce my workforce
Postpone planned hiring of new employee(s)
Cancel a planned expansion or capital investment
Postpone a planned expansion or capital investment
Discontinue contributing to my employees' savings or retirement plan
Significantly raise my employees' share of health care costs
Discontinue providing health care for my employees
Borrow the funds
Go out of business
14.
If LIFO were to be repealed only prospectively, what actions would you likely have to take on a continuing basis to increase cash flow to pay the increased tax in future years? (check all that apply)
Lay off workers/reduce my workforce
Postpone planned hiring of new employee(s)
Cancel a planned expansion or capital investment
Postpone a planned expansion or capital investment
Discontinue contributing to my employees' savings or retirement plan
Significantly raise my employees' share of health care costs
Discontinue providing health care for my employees
Borrow the funds
Go out of business
15.
If LIFO were to be repealed in the context of comprehensive tax reform, what reduced tax rate would be sufficient to compensate you for the loss of LIFO?
30%
Between 25 and 30%
Between 20 and 25%
No reduced rate would compensate