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Because the FAT taxes only profits, it would take a much higher rate to generate as much revenue.
FORBES: Could Taxes Have Prevented Rampage Of The London Whale?
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National liberals have not been much better, spending most of their time bad-mouthing milk and advocating fat taxes, which is apparently a recreational activity at the increasingly vitriolic Center for Science in the Public Interest.
NPR: Rabid Reader: 'Fat Land' and U.S. Supersizing
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The great 19th-century philanthropists laid down their fortunes and set up their foundations in the days when profits were fat, taxes thin and labour weak.
ECONOMIST: How to spend money and influence people
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When 5% of earners pay 60% of income taxes how fat a campaign check does it pay them to write to support tea-party politicians that promise no new taxes?
FORBES: Buying Votes By Selling Public Office
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You won't owe taxes on that fat profit until you unload it.
FORBES: Company Stock Bonanza
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But contrary to what Mr Edmonds thinks, this would have meant higher taxes for the bulk of the population, not just fat cats.
ECONOMIST: The economy
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This business had a fat 33% operating margin (in the sense of earnings before interest, taxes, depreciation and amortization), and its top line--goosed by immigrants sending money back home to their families--was increasing at a 14% annual clip.
FORBES: Spinoffs
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The U.S. has tabled its discussion of bank taxes for now and the U.S. administration remains against an FTT and FAT.
FORBES: Lukewarm Reception For FTT At E.U. Meeting
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In addition, Hicks buyout firm would have gotten a fat price -- 13 times LINs projected 1999 operating income (net before depreciation, interest and taxes).
FORBES: Follow through