NACD 2016 Tax Survey Question Title * 1. Optional: Contact Name: Company: Email Address: Question Title * 2. How is your company organized? C Corporation (publicly-traded) C Corporation (privately-traded) S Corporation Employee-owned S Corporation Other pass-thru structure Question Title * 3. Where is your company headquartered? Question Title * 4. In which states are your facilities? (please list) Question Title * 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 Question Title * 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 Question Title * 7. What is your average effective Federal income tax rate over the last 3 years? Question Title * 8. List all tax expenditures you utilize: Question Title * 9. List expired items or items you would like to see expanded: Question Title * 10. List the biggest tax related or administrative burdens you would like to see eliminated: Question Title * 11. Does your company utilize the LIFO accounting method? Yes No STOP HERE if the answer to question #11 is "No Question Title * 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 Question Title * 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 If LIFO were to be fully repealed, what actions would you likely have to take to raise the capital necessary to pay the recapture tax?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 Question Title * 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 If LIFO were to be repealed only prospectively, what actions would you likely have to take on a continuing basis to increase cash flow to pay the increased tax in future years?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 Question Title * 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 Save and Finsh