Challenges to business growthIn response to the cumulative impact of increased federal, state and local taxes, business owners have taken a variety of actions including: reducing or limiting staff (26 percent); moving the business to a state with lower personal income tax rates (18 percent) or state with lower costs (15); and eliminating or reducing the provision of healthcare benefits (18 percent).
U.S. Trust Insights On Wealth And Worth™ Finds Business Ownership Is Thriving, But Constrained By Taxes, Talent And Lack Of Planning
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