Comment Re:Small business (Score 1) 2115
As a small business owner I can say that this is a commonly sited but incorrect assumption. For S Corp. or LLCs, hiring a new person would reduce the net income for the company owner, thus reducing the taxable income. Taxing the profit on an individual (business owner) should have no bearing on hiring -- in fact, it acts as an incentive to invest your profits in expansion of the company through hiring or other deductible expenditures.