Republican tax reform plan heartens small business owners

Small business owners are increasingly hopeful they won’t get left out in the cold in tax reform, and say they feel encouraged by lawmakers’ prioritizing relief both for larger corporations and for such smaller companies that are often subjected to even higher tax rates.

Republican tax reform plan heartens small business owners VIp0u9

Republican tax reform plan heartens small business owners VIp0u9

“Now more than ever, the conversation is about small business,” said Joseph Semprevivo, who runs a diet cookie shop in Sebastian, Florida. “I’m very optimistic. I’d say glass is full. Not even half full — it’s full.”
In addition to lowering corporate and individual rates, Republicans are trying to provide relief for the vast majority of businesses in the U.S. that file their taxes as individuals and often end up taxed at rates even higher than the top individual level of 39.6 percent.
Republicans are expected to release more details about their tax framework this week. The plans aren’t finalized, but lawmakers have been talking about lowering the corporate tax rate from 35 percent to somewhere around 20 percent, and setting the rate for smaller, so-called “pass-through” companies at around 25 percent, down from a top rate that can approach 50 percent.
President Trump said Sunday he hopes the corporate rate comes down to 15 percent and that the plan is about the middle class.
“I believe we will be successful in the largest tax cut in our nation’s history,” he told reporters.

http://www.washingtontimes.com/news/2017/sep/24/republican-tax-reform-plan-heartens-small-business/?utm_source=RSS_Feed&utm_medium=RSS
_________________
Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

Republican tax reform plan heartens small business owners

Republican tax reform plan heartens small business owners

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone