Quote:
Originally Posted by spence
It's important to note that the small business owner taking home 233K in this example would still have the Bush tax cut under the Dem plan. It's only the portion of income over 250k that would be subject to the old rate.
Put into this perspective the tax plan really does only significantly impact very high earners.
-spence
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Sole Prop's are screwed any way. I don't think it's just take home. as all income is taxed, somebody who has a saole prop. chime in.