NFIB conducted a survey of small business owners on taxes and spending. Their findings are interesting. See this infographic that we prepared.
- 91% hire a professional tax preparer to do their taxes.
- 85% think Congress should revise the tax code.
- 81% prefer a spending cut to tax increase ratio of at least 3 to 1, with the emphasis on cuts
- 55% do not think simplification will occur in any tax revision, even if explicitly intended
- 34% NFIB members made expenditures in the last five years to protect their heirs from the estate tax; another 15% plan to make them
- 36% of NFIB members say that they calculated the Alternative Minimum Tax (AMT)
- 81% prefer a spending cut to tax increase ratio of at least 3 to 1, with the emphasis on cuts
- 71% agree that the most important outcome in tax restructuring is their taxes rising or falling
