Everyone having heard all of Obama's double talk, time and time again, about how he's not really raising taxes on small businesses because 98% of them don't pay in the higher tax brackets he wants to jack taxes up on. I found a
Wall Street Journal article about who really pays those taxes:
Quote:
The Small Business Administration says small business wrote the paychecks for up to 80% of new jobs in 2005
Quote:
An analysis by the Senate Finance Committee found that of the filers in the highest two tax brackets, three out of four are small business owners.
So, yeah. If you stand up there and lump every hobby an American has declared as a small business in with the legitimate and successful ones, it's easy to come up with a number like 98% and make it look like small business doesn't matter.
The reason why they're talking about the top 2 brackets in that quote is because they're talking about Obama's oft decried slogan that under $250K, you're taxes don't go up. They call that double talk too:
Quote:
any moderately successful business with an income above as little as $165,000 a year could face a higher tax liability
I'm not digging into the tax codes of all that stuff to really come up with an opinion myself though. Sounds like a terribly depressing way to waste a couple of days. 
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