Ernst & Young, one of the big 4 National accounting firms, has put out a report arguing against raising income taxes on high income taxpayer because it will cost jobs (duh, since a lot of high income people are small businessmen who hire people). Here is the report in an article in Accounting Today by Michael Cohn:
http://www.accountingtoday.com/news/ernst-young-report-tax-cuts-upper-income-boehner-obama-63323-1.html?ET=webcpa:e2720:204199a:&st=email&utm_source=editorial&utm_medium=email&utm_campaign=WebCPA_Daily_071812
Higher taxes can possibly mean the difference in these employers hiring that one extra person or getting by with less employees (why don’t people see that?)
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