Taxes and Entrepreneurship
January 15, 2015
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1:05:04Now PlayingTaxes and Entrepreneurship
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as posted by the channelSmall and start-up enterprises account for most of the net new job creation in the United States and are the source of much of the dynamism in the economy. Taxes have a substantial negative impact on small and start-up business. Tax compliance costs and complexity impose a high and disproportionate burden on small firms. High marginal tax rates reduce the incentive to invest in risky enterprises and the overall tax burden starves businesses of the cash flow needed to grow and create jobs.
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