Action needed to stop small business tax hike
June 20, 2024
June 20, 2024
JEFFERSON CITY, Missouri, June 20 [Category: Business] -- The Missouri Chamber of Commerce and Industry issued the following news:
Small business owners will face a large tax increase if Congress does not act by the end of next year.
According to the National Federation of Independent Business, three out of four of America's small businesses benefit from a 20% pass-through deduction. This was a key component in the 2017 federal tax reform bill. Data from the IRS shows t . . .
Small business owners will face a large tax increase if Congress does not act by the end of next year.
According to the National Federation of Independent Business, three out of four of America's small businesses benefit from a 20% pass-through deduction. This was a key component in the 2017 federal tax reform bill. Data from the IRS shows t . . .