Study finds higher tax rates could hurt small businesses
Categories: U.S. Legislatitive Issues, Top Stories, Legislative & Regulatory News |
Author: Mike Williams
Posted: 7/23/2012 |
A new study from accounting firm Ernst & Young, released July 17 by the National Federation of Independent Business (NFIB), shows that allowing tax cuts to expire on top individual rates is likely to hurt job creation and the economy, particularly small business job creators.
The study says potential tax rate increase scheduled to start Jan.1, 2013 would directly impact small business organized as S corporations, partnerships, LLCs and sole proprietors, which make up about 75 percent of all small businesses.
To read the NFIB press release on the study click here.
To read the full results of the study click here.