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  • 1.  Got an interesting policy question

    Posted 15 days ago
    Deceptively simple but definitely not? :)

    What fraction of taxes are paid by small businesses and their employees? 

    If you have experience/expertise* in this specific area, how would you try to answer this? 
             * ChatGpt & Perplexity have already chimed in; what I need are expert insights
    THANKS!

    Norris

    "How can I help you to grow entrepreneurs?" 
    Norris Krueger, Ph.D.
         208.440.3747
    Want to know what I'm up to? My last 12 months!





  • 2.  RE: Got an interesting policy question

    Posted 15 days ago

    Great question, Norris. 

    I recommend you connect with the folks as the Tax Foundation. Although not specifically focused on small businesses, an analysis they put out in 2019 indicates the U.S. businesses remit 93% of all taxes collected.. Of this, 64.2% are payroll and consumption taxes paid by businesses on behalf of employees and consumers, with 28.9% are direct taxes paid by businesses.

    https://taxfoundation.org/data/all/federal/businesses-pay-remit-93-percent-of-taxes-in-america/

    Some addition things you probably want to consider:
    1. How are you going to define small business?

    2. Does your definition include self-employed / sole propriotors? 

    3. What taxes do you want to count (administrative level, tax type)? 

    These are more questions than answers, but as you indicated, this is not a simple question.



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    Daniel L. Bennett
    Cobb Family Chair in Entrepreneurship
    College of Business
    University of Louisville
    Daniel.Bennett.2@Louisville.edu
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