Entrepreneurship Vs. The Tax Burden

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Each year, the Office of Advocacy of the U.S. Small Business Administration is tasked with documenting the importance of entrepreneurship to the American economy and with highlighting policy issues of relevance to small firms. This report summarizes the publications produced by the Office of Advocacy’s Office of Economic Research in 2007. A copy of this report can be obtained here (PDF). Should you need further information, please feel free to contact Chad Moutray at (202)205-6533 or advocacy@sba.gov.

Yet, this study (PDF) documents the pervasiveness and the magnitude of the tax burden among small business owners in bankruptcy. The data suggest that the tax burden is more pervasive among small business owners in bankruptcy than among consumer petitioners. While less than one-quarter of all consumers in the bankruptcy sample reported tax debts, more than half of individual small business owners reported owing some tax debts. The research summary can be found here (PDF). Should you need further information, please feel free to contact Radwan Saade at (202)205-6533 or advocacy@sba.gov.

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