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Dashboard: A Few Ideas to Really Help Small Businesses

21 Hats Podcast

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Rethinking Payroll Tax for Small Business Growth

This chapter explores potential reforms to payroll tax rates designed to support small businesses, particularly those with fewer than 25 employees. It discusses innovative tax credit proposals, including a startup tax credit for professional services and exemptions aimed at promoting profit-sharing practices. The chapter also examines the effects of tax incentives on income inequality and the regulatory challenges associated with various ownership structures.

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