The presidential race has produced an interesting series of charges and counter-charges about the candidates' tax policies, and lately they've involved taxes on small business owners.
Sen. Barack Obama, D-Ill., has proposed raising taxes on couples making more than $250,000 or individuals making more than $200,000. That led his rival, Sen. John McCain, R-Ariz., to claim several times this month that Obama would raise taxes on 23 million small business owners. However, FactCheck.org, a nonpartisan project of the University of Pennsylvania's Annenberg Center for Public Policy, has released a detailed analysis debunking McCain's claim. It said the 23 million figure was based on a 2002 count by the U.S. Census Bureau of businesses of all sizes.
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