The Edge of the Fiscal Cliff.

The article discusses on the possible repercussions which would happen after the tax raise in 2013. It states that raising taxes would affect the bottom line and profits of franchise business owners. It mentions that 80 percent of IFA's members file their taxes as LLCs, partnerships, s-corporations or sole proprietorships.They do not pay the corporate income tax, instead they declare their business profits on the owner's personal income tax return and are taxed at the personal income tax rate.