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Gimme a Tax Break

Tax breaks ease the burden of the minimum-wage hike.
August 1, 2007
URL: http://www.entrepreneur.com/article/181720

The new federal minimum-wage law, passed in May, came with some $4.8 billion in tax breaks for small business. While the minimum wage rises to $7.25 an hour over the next two years, these new tax breaks are intended to ease the burden on business owners.

What's in it for you? Two of the law's provisions provide most of the financial relief, and they're fast-acting, going into effect this year.

Seattle writer Carol Tice reports on business and finance for The Seattle Times, Seattle Magazine and other leading publications.