Quote:
Originally Posted by Ike Bana
Such observations are not usually made in reference to an S-Corp, or a Partnership, or a Sole Proprietorship because most of the moronic teabaggers spewing these chunks out of their festering pieholes about "job creators" are repeating what they hear on FOX or the EIB don't have a fucking clue what an S-Corp, or a Partnership, or a Sole Proprietorship...or know a schedule C from shinola.
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These are for you, Ike, and also for John.
http://www.nfib.com/article/new-stud...inesses-60548/
"Increasing individual rates directly impacts small businesses organized as S corporations, partnerships, LLCs and sole proprietors, also known as “pass-through” businesses.
NFIB research shows around 75 percent of all small businesses are organized in such a manner. "
http://www.epi.org/publication/ib349...-rates-filers/
"Over the past few decades, both the proportion of firms organized as pass-through entities and their share of business receipts have increased, from 83 percent of firms and 14 percent of business receipts in 1980 to 94 percent of firms and 38 percent of business receipts in 2007 (CBO 2012b). These shifts have been driven by changes in the tax code—such as lowering the top marginal income tax rate below the top marginal corporate income tax rate—as well as movement in the economy from manufacturing toward providing goods and services.
Under the definitions employed in the current debate over the expiring Bush tax cuts, any taxpayer who declares any income derived from these pass-through income flows is considered a “small business.” There are obvious problems in equating a pass-through entity with a small business in this context."