Alot of us including myself have formed s corps to save money through distributions we take.<p>Obama is trying to close this tax benefit and instead tax the whole portion of profits with medicare etc. instead of just wages.<p>I don't see how this helps small business at all. Means less money in our pockets.
I don't see how this going to help small businesses.<p>As a registered small business S Corp, if this passed it would be thousands more in taxes for me( about 10k).