United States

Middle-market survey reveals taxes slowing business growth


RSM survey finds American Taxpayer Relief Act, Affordable Care Act and current tax policies adversely impact the middle-market.

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Middle Market Survey reveals a rising tax burden.

The potential effects of the American Taxpayer Relief Act of 2012 were hotly debated, and a survey of middle-market companies confirms that the new law increased their tax and compliance burden in 2013. Seeking to understand the effects of the “fiscal cliff” deal on the middle market, RSM surveyed 525 middle-market executives, and the findings show that the act and other tax code changes have increased taxes, limited growth and investment domestically and abroad, and slowed hiring.

Read the complete results of the survey in the Middle-Market Tax Survey where respondents also cited the Affordable Care Act, the 3.8 percent net investment income tax and the increase in the top individual marginal tax rate to 39.6 percent as contributing factors to their overall, increased tax burden.

The results of RSM’s survey confirm that these tax code changes not only failed to protect mid-sized companies but also created new burdens that are holding back the most prolific job creators of the past five years. These findings are of particular significance because middle-market companies represent approximately one-third of the U.S. economy and workforce.

While the future remains to be seen, the results of RSM’s survey confirm that these tax code changes are having a significant effect on the middle market. Read the report, Middle-Market Tax Survey, in its entirety.

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