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What is the best tax strategy to boost the economy?Posted 05-22-2008 at 11:08 AM by TaxGuru
I think one of the best tax strategies to immediately boost the US economy is to cut the social security taxes for self-employed taxpayers. The immediate impact would be to stimulate small self-employed businesses by cutting one of the biggest tax burdens. This net profit from self-employed businesses is subject to the 15.3% self-employment taxes and by cutting this in half would do more to help the small businesses than any tax credits or tax rebates. This particular... |
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