According to the Small Business Administration, small businesses accounted for nearly two- thirds of all new job creation in the past decade. According to The Heritage Foundation, the proposed 5.4% surtax (coupled with the planned expiration of the Bush tax cuts) would raise the current top federal tax rate for a successful small business owner from 35% to 46.4%.
Tax, Spend and Disarm the Public Brian Darling Human Events; Jul 20, 2009; 65, 25; Docstoc pg. 16 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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