US Treasury indicates about 70% of millionaires to be hit with new tax are small business owners.

By elitecpas | November 9, 2011 | Comments Off on US Treasury indicates about 70% of millionaires to be hit with new tax are small business owners.

  Depending on which definition you choose of what defines a “small business owner,” any new “millionaire tax” is going to disproportionately affect the group that creates the most new jobs in our country. A new US Treasury study indicates that over 70% percent of so-called millionaires hit with this type of tax are small business owners. Almost every business…

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