Tax Rate Hike Would Impose 48.4% Small Business Tax Rate vs. Communist China's 25%
May 08, 2025
May 08, 2025
WASHINGTON, May 8 [Category: Political] -- Americans for Tax Reform posted the following commentary:
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Tax Rate Hike Would Impose 48.4% Small Business Tax Rate vs. Communist China's 25%
Combined federal-state tax burden would average 48.4%, nearly twice as high as China 's maximum business tax rate
A proposal to hike the top federal tax rate to 39.6% would saddle American small businesses with an average combined federal-state ta . . .
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Tax Rate Hike Would Impose 48.4% Small Business Tax Rate vs. Communist China's 25%
Combined federal-state tax burden would average 48.4%, nearly twice as high as China 's maximum business tax rate
A proposal to hike the top federal tax rate to 39.6% would saddle American small businesses with an average combined federal-state ta . . .