24 May What small business tax? – dissent

Via Twitter, David MacRury objects to my contention that the benefits of Liberal and Tory promises to trim the corporate tax rate on the first $400,00 of taxable business income “wouldn’t flow exclusively—or even mainly—to small businesses, or even to companies with small profits.”

You’re being misleading- the majority of the benefit goes to small business.

He has a point. Big businesses like NSPI will reap the maximum benefit from Stephen McNeil’s proposed tax break as long as they have at least $400,000 in taxable income. But since there are, by almost any definition, many more small businesses than big, a tax break aimed at the first $400,000 of taxable income would indeed go mainly to small businesses.

Of course, the same could be said of a tax break aimed at companies with the letter “L” in their name, or the color blue in their logo. Would we call that a small business tax break?