You get taxed on income/profits. I don't know retail, but assuming 10% margins on 53m (add in accounting gymnastics) 147,000 sounds reasonable. Correct me if I am wrong. Maybe I misunderstood you.
Sorry, you are wrong! This was not income tax but some sort of State accomodation tax or something like that which was calculated by a certain dollar applicable for every $1000.00 of revenue! By doing the backwards calculation the poster was able to support a revenue number of $53 million. I am sure someone here will repost the findings for you to do your own calculations!!!