No matter how much you wiped out your income with exotic tax perks like intangible drilling costs and other tax-shelter sounding items, you paid a smaller alternative tax rate on virtually everything with no deductions.

FORBES: The Minimum Tax is Like Jumbo Shrimp

Alternatively, the proposal would tax certain intangible property related income on a current basis at a rate of 15%, whether derived directly by a U.S. corporation or by a foreign subsidiary.

FORBES: Territorial Tax Proposal Provides a Look into the Future of Corporate Taxation

The amount of profits that should be declared to the local tax authority would diminish profits transferred to pay for intangible assets located abroad, depending on the number of users and the intensity of data collection.

FORBES: Corporate Tax 2.0: Why France and the World Need a New Tax System for the Digital Age

Years ago, in my Tax Policy class, we had a discussion about the value of intangible labor.

FORBES: Putting a Price on Mom

State Question 766 would abolish property taxes on intangible personal property such as patents and customer lists (only a few states have this tax).

FORBES: Billions In State Tax Hikes, And Breaks, On Nov. 6 Ballot

State Question 766 will abolish property taxes on intangible personal property such as patents and customer lists (only a few states have this tax).

FORBES: California Voters Sock It To The Rich (And The Fate Of Other State Tax Ballot Measures)

These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation, amortization of acquisition-related intangible assets, other acquisition-related costs, a contribution expense, a legal settlement charge, and the associated tax impact of these items, where applicable.

ENGADGET: NVIDIA posts Q4 2013 earnings: $1.1 billion in revenue, $174 million in profit