For Immediate Release
Contact: Eric Reller 202-314-2073 or Eric.Reller@NFIB.org
Small Businesses Pay Highest Effective Tax Rates
WASHINGTON, D.C., August 7, 2013
— National Federation of Independent Business (NFIB) President and CEO Dan Danner made the following statement today regarding the tax study
released by Quantria on behalf of NFIB and the S Corporation Association:
“The U.S. tax code is unfair and complex,” said Danner. “Today’s study provides valuable data that confirms small businesses currently pay a higher effective tax rate than many large corporations. This study delivers a strong counter argument to the President’s announcement last week that corporate-only tax reform is the best path.
“Over 75 percent of all small businesses in the United States are taxed at the individual rate – signifying the need for comprehensive reform that addresses both individual and corporate taxes. NFIB will continue to advocate for a level playing field so that small-business owners can create jobs and grow their business.”
For a copy of the tax study, click here.
NFIB is the nation’s leading small business advocacy association, with offices in Washington, D.C. and all 50 state capitals. Founded in 1943 to give small-business owners a voice in public policy-making, NFIB’s policy positions are set by its 350,000 business-owner members, who send their views directly to state and federal lawmakers through NFIB’s unique member-only ballot. NFIB’s mission is to promote and protect the right of our members to own, operate and grow their businesses. More information is available online at www.NFIB.com/newsroom.