However, Jackson said McCain is right to say that many small-business owners would see their taxes increase if Obama is elected and raises the top income-tax rates. Many small firms are legally organized in a way that would require them to pay taxes on their business income as individuals, rather than as a corporation. But since Obama's plan wouldn't affect couples making less than $250,000, or singles making less than $200,000, the new rules would affect only a fraction of the 23 million small business owners McCain has cited, probably less than about 660,000, according to the Urban-Brookings Tax Policy Center.Voter Resource Group Slams McCain Over Tax Allegations - Small Business
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