Palin: “But when you talk about Barack's plan to tax increase affecting only those making $250,000 a year or more, you're forgetting millions of small businesses that are going to fit into that category. So they're going to be the ones paying higher taxes thus resulting in fewer jobs being created and less productivity.”Reality check time.
According to the non-partisan group, FactChecker.org:
“...it's simply untrue that "millions" of small business owners will pay higher federal income taxes under Obama's proposal. According to an analysis by the independent Urban-Brookings Tax Policy Center, several hundred thousand small business owners, at most, would have incomes high enough to be affected by the higher rates on income, capital gains and dividends that Obama proposes.””Several hundred thousand” is, according to most experts, somewhere in the neighborhood of 1.4% of all small business owners in the U.S.
Jump start your heart. You’re still on safe ground.
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