Monday, July 20, 2009

THE HEALTH CARE SURTAX WILL HIT ONLY A FEW BUSINESSES: JUST THE GOOD ONES

When you look at how much economic activity gets hit by the surtax, the picture looks different:
The surtax means pass-through businesses that account for 60% of small business profits will be sending more money to the government instead of developing new products, opening new locations, and hiring new employees. Or, more likely, they will be spending money on people trying to change their tax strategies to keep their money from going into the black hole of out-of-control government spending.