It was Small Business Week last week. You know, everyone says how much they value small business in an election year- and does nothing about it. Depending upon how you define small business (a company that employs- with a payroll- one or more people OR include Mary or Tom working 2 hours a month on the side, with a full time job or mommyhood [or daddyhood] taking up most of the time), most small businesses are not incorporated and pay their taxes as part of an individual’s tax return. So, tax rates for corporations have no impact on their bottom line. (Another large segment of “small” business are pass-through entities, which have their profits taxed on an individual’s tax returns, too.) But, that’s not the subject of this post, either.
Continue reading Small Business Says?
