Policy

Small Business Is Smaller Than We Thought

By on September 15, 2011

Policy

Small Business Is Smaller Than We Thought

The Treasury Dept. used to say half the “small business” income reported by individuals was in the top two tax brackets. A new analysis that strips out part-time landlords, contract employees, and companies with big profits suggests Main Street’s tax burden is much smaller.

Tozzi is a reporter for Bloomberg Businessweek in New York.
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