Let Startups Start Out Tax-Free – Bloomberg 06-10-12

Salient to Investors:

Small businesses represent 99.7 percent of all private-sector employers.

The average, profitable small business pays an effective tax rate of about 20 percent  An Institute for Justice study shows that one in three U.S. workers needs government permission to operate a small business, versus only one in 20 in the 1950s. 66 occupations have greater average licensing burdens than emergency medical technicians.

States among the highest rankings for policy friendliness toward entrepreneurs, with lower taxes and regulation than most other states, have unemployment rates that are lower than the national average.

In the past year, small businesses created 84 percent of the 1.3 million new private non-farm jobs.

Read the full article at http://www.bloomberg.com/news/2012-06-10/startups-deserve-tax-free-reg-free-incubation-period.html

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