The Burden of Payroll Taxes on Small Business

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Excerpt from The Burden of Payroll Taxes on Small Business: Hearing Before the Subcommittee on Taxation and Finance of the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, First Session One thing that I do want to make real clear is this subcommittee is very committed to trying to find ways to take the pressure off of small business and to find ways for them to survive and to get stronger. The issue of tax simplification and the issues around that come up key in every survey of small business. Most economists agree the burden of taxation and the pressure of regulation as being the greatest job inhibitors that we have. With that we move to what was requested by the small business community, and some of our committee members as an area that we wanted to focus on, and that is payroll taxes. You often hear about income taxes and you hear about all the other regulation pressures. I have to say, as I ran the business I ran for many years, quite frequently the greatest pressure I had was both State and Federal payroll taxes, both in bookkeeping but also in increasing rates. It eased up kind of like the frog in the proverbial warm water. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.