Obama’s Small-Business Tax Could Average $25,000

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The Foundry:

Obama’s Small-Business Tax Could Average $25,000

 

 

Guinevere Nell

 

July 13, 2012 at 10:00 am

 

 

President Obama has made raising taxes on “the rich” a central plank of his re-election campaign. Yet even many Democrats are questioning the wisdom of hiking taxing on job creators while the economy is still struggling and unemployment is still lingering at over 8 percent. They are right to be concerned. According to calculations by The Heritage Foundation’s Center for Data Analysis (CDA), the average American with $250,000 or more in income can expect an average $24,888 tax increase next year under Obama’s proposed policies. The $24,888 figure is often … Read More http://blog.heritage.org/2012/07/13/obamas-small-business-tax-could-average-25000/