Business structure will determine effect of tax plan

12/9/2008 | CNNMoney

President-elect Barack Obama has indicated that he may hold off on his plan to raise taxes on individuals earning more than $250,000 a year, which would affect many small-business owners. If Obama goes through with his plan, how hard a business is affected will depend on how it is structured. Most tax bills would stay the same or shrink, but some will increase.

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