Editing Sweat equity (section)

== Sweat equity in U.S. private business ==

Private businesses in the U.S. make up 60% of yearly business net income.<ref name="minneapolisfed.org">{{cite web |url=https://www.minneapolisfed.org/research/staff-reports/sweat-equity-in-us-private-business|title=Sweat Equity in U.S. Private Business &#124; Federal Reserve Bank of Minneapolis}}</ref> Recent data has shown the sweat equity in the private business sector equals 1.2 times the U.S. GDP. Theories have been put out to the public to say that lowering income tax rates on private businesses is significantly understated when considering smaller firms' sweat equity effects.<ref name="minneapolisfed.org"/>