Small business taxes redux - The Fact Checker - The Washington Post

Small business taxes redux - The Fact Checker - The Washington Post

Common Sense remembers a few weeks ago when there was a brief flurry of news about increasing taxes on business followed by bellows of rage that doing so would kill job growth particularly in small businesses that generate much of the job growth.  It turns out like many such claims that it simply isn't true.  Most small business are, well, small.  They don't generate income above $250K and thus would not be effected in any way by the proposed higher business tax rate.  Roughly 750,000 small business would be effected.  That's 750,000 out of roughly 22 million!  Of those that would be effected, roughly 540,000 have incomes around $600,000 per year.  Hardly small or middle class.

Now 540,000 taxpayers is a lot.  So is $600,000 per year.  It's time business, all business, paid their share of taxes.  That's just common sense.