Quote:
Originally Posted by Raider Ronnie
Going back 5-7 years a small business worked 4 months for the fed & state before the business saw one dime of profit.
Now a small business works 7 months a year for the state & fed.
Posted from my iPhone/Mobile device
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Source? I can't say if you are right or not, but a quick search shows this from the CBO as reported in the wall street journal
"Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008."
Tax Break Pushes Corporate Taxes to Just 12.1% of Profits, Lowest Level in 40 Years - WSJ.com
and this:
"Small business sole proprietorships pay an average
effective tax rate of 13.3 percent. Sole proprietors
make up 84 percent of businesses with gross
receipts of less than $25,000 (13.5 million out of
15.9 million)."
http://archive.sba.gov/advo/research/rs343.pdf