I just don’t see it.
If I want to open a Pizzeria or a Pet Store or a Car Wash... the $25 annual fee isn’t stopping me.
Besides, if that were true, entities would already be doing this because every state - every one - has an annual report fee on LLCs, SCorps, C-Corps, Partnerships..... It doesn’t seem to be stopping incorporations that have other benefits to the group. (tax loss sharing, etc.)
$25-$100 is not a disincentive. Not to anyone if you want to make a living.
You don’t see it because you aren’t thinking about economics. Any tax distorts the market. Your tax will, guaranteed, result in fewer corporations.
“$25 annual fee”
I think it is about $800 annual fee for a corporation of any size to do business in my state of Florida.
I believe many other states also charge steeply to operate an incorporated business.