Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Tuesday, October 26, 2010
Monday, July 26, 2010
Most Small Business Sector Facing Higher Taxes Under Obama Plan
The statistics below are taken straight from the linked article:
Under their plan, the 33 percent rate will rise to 36 percent, and the 35 percent rate will rise to 39.6 percent automatically in January. These rates affect families and small business owners earning at least $200,000 per year.
A majority of small business profits will face a tax rate hike under the Obama-Pelosi-Reid plan.
34 percent of sole proprietor profits will face a tax rate hike under the Obama-Pelosi-Reid tax hike plan.
55 percent of S-corporation and partnership profits will face a tax rate hike under the Obama-Pelosi-Reid tax hike plan.
Can you imagine what would happen if he wasn't for small business growth?
Under their plan, the 33 percent rate will rise to 36 percent, and the 35 percent rate will rise to 39.6 percent automatically in January. These rates affect families and small business owners earning at least $200,000 per year.
A majority of small business profits will face a tax rate hike under the Obama-Pelosi-Reid plan.
34 percent of sole proprietor profits will face a tax rate hike under the Obama-Pelosi-Reid tax hike plan.
55 percent of S-corporation and partnership profits will face a tax rate hike under the Obama-Pelosi-Reid tax hike plan.
Can you imagine what would happen if he wasn't for small business growth?
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