Some small-business owners would be affected by millionaire surtax

11/30/2011 | Washington Post, The

A plan to tax millionaires to cover the cost of extending payroll-tax breaks would reach about 1% of small-business owners. The effect of the tax on hiring could depend on the type of firm -- some businesses, such as hedge funds, are small by design, noted Roberton Williams of the Tax Policy Center.

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