Quote:
Originally Posted by The_Dunedan
The problem is, as I said, that those raises (for $250,000+) affect a very large percentage of small businesses....
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Not according to the Joint Committee on Taxation (and other sources).
Restoring the temporary tax cuts on those with income over $250,000 would impact about 3 percent of small businesses....or less than 1 million taxpayers who pay their business taxes at the individual level.
And there is no evidence anywhere that restoring that tax to the marginal rate of 39% from the current (and temporary) rate of 36% would impact their businesses.
But it would continue to drain significant revenue from the federal treasury....to the tune of nearly another $1 trillion over ten years.