With over 5 million small businesses accounting for nearly 90% of business in America, it is imperative that we fight for a tax plan that will benefit us. It is time for a tax plan that will put small businesses on the same level playing field as medium and large businesses in America. According to the National Small Business Administration (NSBA), “The current U.S. income tax system discourages personal savings and investments by taxing capital gains, dividends and earned interest. Business owners and wage earners struggle under the burden of a very regressive payroll tax. The income tax – not to mention the Alternative Minimum Tax – is unbelievably complex, time consuming and costly to administer”.
If you own or manage a small business… [FULL ARTICLE]