Texas, Florida and 7 other states have no income tax, but they make up for it with other taxes. Sometimes those taxes mean low-income residents pay a larger percentage of their money in taxes.
- Sr. Professorial Lecturer & Managing Director of Kogod Tax Policy Center, Department of Accounting and Taxation, American University Kogod School of Business
The Small Business Administration is the agency tasked with distributing hundreds of billions of dollars to keep millions of companies alive.
Companies like Uber and Etsy don’t have to tell most of the people working with them how much they’ve earned. With the federal government so behind the curve, some states are changing their rules.
Republicans rewriting the tax system have a rare opportunity to fix a major problem: most women-owned companies can’t take advantage of key provisions designed to help small businesses like theirs.
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