What is the Impact of the Fiscal Cliff on our Small Companies?
According to this article from FoxNews, small business owners are less likely to reinvest in their companies as the fiscal cliff nears, December 31st.
Is this happening in the Rock River Valley manufacturing complex? If so, it could slow down our growth in the short term.
Small business owners, typically are “S Corps”, which means that any company profits flow directly to the owners personal income and taxed at the prevailing personal tax rates. So if they anticipate their tax rates increasing, why would they want to make more profit?
Shudder the thought, how un-American!