I’d be very interested to see more details about some of those statistics. How was “small business” defined? When we started our small business - three people total, now - we learned that 4 out of every small business started closed within the first two year - that was the nature of the beast. In this statistic that said only 14% fail, what was the time frame they were looking at?
As for that 250K figure - what that gross total revenue? Net revenue? Income filed by the business owner? I can’t think of 10 guys in my local CC that would claim income of $250K a year.
the point beck is making is that Obama’s tax increase for individuals making over $200K, families over $250K will have a significant impact on job creation.
Certainly, not all SB Owners make that much, but many do, especially the ones who employee a dozen or so employees.
Those are the jobs that will be lost.
None of this matters now, BO and his thugs have destroyed equity. Savings are gone. He has, with GWB late term, massacred the value and worth of America. This may mot be recoverable.
Really. 0bama defined small business during his campaign as those “making” about 250k per year. Now, everyone accepts that as the rule.
First of all, any business that only “makes” 250k in a year, is a “micro” business.
Second of all, 0bama was asked if that was “net” or “gross” and he had a puzzled look on his face, and replied...”make, you know what make is”.
Yes, WE know, do you? (No, he doesn’t)