As of today, no one has contacted me and now I know why. The numbers from the Coalition are phony (what a surprise). According to the Tax Policy Center only 1 percent of taxpayers reporting any business income make over $1 million a year.
So there are really only about 45 South Carolinians who could accept my challenge. And I’m willing to bet that few if any of these 45 actually run a small business. The rest are passive investors not Main Street business folks.
Never-the-less, the fear mongering on how increasing taxes on the very wealthy will hurt small businesses continues. An analysis that debunks all the funny math in these arguments can be found in a piece by Zach Carter and Sam Stein in today’s Huffington Post. Check it out.