I’ve been a small business owner for the last two years, I was an employee of the same business before that. I make significantly more in income as the owner, I pay significantly less in taxes as the owner as well, since I can write things off with the business, and my accountant can be more creative with deductions and write-offs as a business owner.
I believe this even with the .8% increase in annual taxes I might have to pay with Biden or whatever it ends up being when my accountant dissects it.