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Reply #58: Surprised the term Micro Business hasn't entered the discussion... [View All]

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dh1760 Donating Member (22 posts) Send PM | Profile | Ignore Tue Nov-29-11 01:30 PM
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58. Surprised the term Micro Business hasn't entered the discussion...
Edited on Tue Nov-29-11 01:55 PM by dh1760
What most individuals think of as a "small business", are actually classified as Micro Businesses. Depending on the definition, this is anywhere from 1-5 employees and under a million a year in sales, up to 25 employees and under 2.75 million a year in sales.

This is clearly not the category that Republicans in Congress are referencing when they make the claim that 1/3 of "small business" owners earn over a million a year, and would be hurt by new taxes on high-income earners. Although, just as clearly, they are perfectly willing to use any resulting misconception to their advantage.

http://knol.google.com/k/what-is-a-microbusiness#

http://en.wikipedia.org/wiki/Micro-enterprise
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  -Who the fuck are they kidding . . . . ? Stinky The Clown  Nov-28-11 08:22 PM   #0 
  - agreed. I think they define small business as having less than 500 employees.  robinlynne   Nov-28-11 08:24 PM   #1 
  - I think small business is defined by the number of owners.  Betsy Ross   Nov-28-11 08:28 PM   #3 
  - Ding, ding, we have a winner.  Pacifist Patriot   Nov-29-11 07:16 AM   #24 
  - That's right. No matter how MASSIVE the enterprise, if it's privately held, it's small business. nt  valerief   Nov-29-11 11:51 AM   #51 
     - So to jump to the obvious: The Koch brothers are small business owners?  JackRiddler   Nov-29-11 03:03 PM   #62 
        - Yes. nt  valerief   Nov-29-11 06:50 PM   #80 
  - The SBA does. The rank-and-file doesn't.  krispos42   Nov-28-11 08:40 PM   #9 
  - SBA has various definitions depending on type of business...  rfranklin   Nov-29-11 08:38 AM   #31 
     - Right, But when Repubes talk about "small-business tax cuts", for example...  krispos42   Nov-29-11 08:58 AM   #33 
     - All that 'depending on' allows for loopholes. I wonder if Congress uses the SBA's definition of  valerief   Nov-29-11 11:58 AM   #56 
  - Just tell them "There are no small business owners who make over $1 million a year."  tclambert   Nov-29-11 09:45 AM   #38 
  - Better yet ask them the definition of a small business owner.  Angry Dragon   Nov-28-11 08:25 PM   #2 
  - Don't ask. Tell them they've got it wrong and define it for them.  tclambert   Nov-29-11 09:51 AM   #39 
  - Here is what I was told  Charlemagne   Nov-29-11 10:37 AM   #44 
  - I'm speechless. Think I'll go open a shoe repair shop. :-)  virgogal   Nov-28-11 08:28 PM   #4 
  - ...and I'll sell shoelaces door to door.  RagAss   Nov-28-11 08:42 PM   #12 
  - half of all "Small biz owners" are SOLEPROPRIETORS.  elehhhhna   Nov-28-11 08:31 PM   #5 
  - and most of us are only one person all told.  robinlynne   Nov-28-11 08:45 PM   #13 
  - Sole proprietor does not necessarily mean no employees..  Fumesucker   Nov-29-11 05:11 AM   #20 
  - What you're talking about is different from being a sole proprietor.  Pacifist Patriot   Nov-29-11 07:18 AM   #26 
  - To get an SBA loan you cannot make a million dollars and still  Melissa G   Nov-28-11 08:35 PM   #6 
  - depends on who your 'friends' are ..........  dothemath   Nov-29-11 09:13 AM   #35 
  - Bechtel, the largest construction company on earth, is considered a small business  OffWithTheirHeads   Nov-28-11 08:37 PM   #7 
  - It boggles the mind.  DCBob   Nov-28-11 08:39 PM   #8 
  - C'Mon Man... You Know... Small Businesses... Like GE, BP, ATT, Wal-Mart, Exxon...  WillyT   Nov-28-11 08:40 PM   #10 
  - KO did a segment on that re:BP, among others, classifying it as a 'small business', as I recall.  Huey P. Long   Nov-29-11 10:14 AM   #41 
     - I thought it was Halliburton that was classified as a small business?  NewJeffCT   Nov-29-11 10:31 AM   #42 
        - Now that you mention it, yes, but in the course of doing a BP story.  Huey P. Long   Nov-29-11 11:53 AM   #52 
  - how many jobs have the bu$h* tax cuts created?  spanone   Nov-28-11 08:42 PM   #11 
  - Gross and net profit are 2 seperate things. Most small businesses don't have a 1 million net profit.  L0oniX   Nov-28-11 08:47 PM   #14 
  - This applies to the Koch Brothers. They are a 'small business' because  Remember Me   Nov-28-11 09:32 PM   #15 
  - Because you are a small business owner I have a question for you. Do you use your credit  applegrove   Nov-28-11 10:22 PM   #16 
  - We use company credit cards and pay the balance each and every month  Stinky The Clown   Nov-28-11 10:29 PM   #17 
  - My son is a small business owner.  Lugnut   Nov-29-11 12:45 AM   #18 
  - I'd break down in tears and call that a phenomenal year.  Pacifist Patriot   Nov-29-11 07:17 AM   #25 
     - My son is an over-the-road independent owner/operator.  Lugnut   Nov-29-11 09:11 AM   #34 
  - I'm a small business owner, many of my friends are too, but none of  Lorien   Nov-29-11 05:05 AM   #19 
  - A common-sense definition of a small business has to do with annual income  meow2u3   Nov-29-11 08:00 AM   #27 
  - knr  Douglas Carpenter   Nov-29-11 06:50 AM   #21 
  - Does anyone actually buy into it though?  harmonicon   Nov-29-11 07:05 AM   #22 
  - another small business owner here -  UpInArms   Nov-29-11 07:14 AM   #23 
  - tl;dr - Republicans lie.  paparush   Nov-29-11 08:01 AM   #28 
  - All small businesses should earn at least a million $ a year  Uben   Nov-29-11 08:05 AM   #29 
  - Republicans are expert  The Wizard   Nov-29-11 08:05 AM   #30 
  - I know one and she is a Republican  AllyCat   Nov-29-11 08:41 AM   #32 
  - Kicking  Felinity   Nov-29-11 09:15 AM   #36 
  - small business is not limited to one owner, but one person can have a small  peacetalksforall   Nov-29-11 09:33 AM   #37 
  - no, wait, sometimes the easiest thing for tax purposes for a sole proprietorship is  adamuu   Nov-29-11 10:10 AM   #40 
  - If they're allowed to spew that BS without rebutall on Fox News, Rush, etc  NewJeffCT   Nov-29-11 10:35 AM   #43 
  - It is their definition that is the problem.....  Swede Atlanta   Nov-29-11 10:48 AM   #45 
  - I say it is a mix of ownership structure, market share, number of employees, and revenue  TheKentuckian   Nov-29-11 11:05 AM   #47 
  - I STILL OPPOSE this.  bvar22   Nov-29-11 11:01 AM   #46 
  - +25670  Angry Dragon   Nov-29-11 11:26 AM   #48 
  - You're right, of course. No argument. But this is a different issue.  Stinky The Clown   Nov-29-11 03:14 PM   #63 
  - Picture of the trust fund....  deaniac21   Nov-29-11 03:30 PM   #65 
  - Yes. It seems that these Senate Democrats WANT to endanger Social Security! nt  Chef Eric   Nov-29-11 05:30 PM   #71 
  - I thought mega-internationals were th job creators  Doctor_J   Nov-29-11 11:33 AM   #49 
  - Why are they so determined to mess up Soc. Sec. funding?  madfloridian   Nov-29-11 11:40 AM   #50 
  - I suspect it's because they think we "don't have anywhere else to go."  Chef Eric   Nov-29-11 05:40 PM   #72 
  - I know a lot of small business owners who make that much  AngryAmish   Nov-29-11 11:53 AM   #53 
  - This, non-millionairre small business owner agrees with you, Stinky. Another  bertman   Nov-29-11 11:56 AM   #54 
  - "Who the fuck are they kidding"  Hubert Flottz   Nov-29-11 11:57 AM   #55 
  - Yep ... My small business grosses about 850.000 less ...  rtassi   Nov-29-11 01:07 PM   #57 
  - And taxes aren't levied against gross income.  Hosnon   Nov-29-11 03:41 PM   #68 
     - I get hit with taxes on gross sales at the state level  Broderick   Nov-29-11 05:51 PM   #75 
        - But that's not income taxes, right? nt.  Hosnon   Nov-29-11 08:14 PM   #82 
           - No not income taxes in a conventional sense  Broderick   Nov-30-11 07:07 AM   #85 
              - So this 3% increase would not affect that.  Hosnon   Nov-30-11 02:00 PM   #86 
  - Surprised the term Micro Business hasn't entered the discussion...  dh1760   Nov-29-11 01:30 PM   #58 
  - Spot on. The rhetoric they use produces images of micro businesses with Mom, Pop and the kids ......  Stinky The Clown   Nov-29-11 03:41 PM   #67 
  - Correct me if I'm wrong small business owners....  DaveJ   Nov-29-11 01:51 PM   #59 
  - Excellent points made, Stinky!  liam_laddie   Nov-29-11 02:13 PM   #60 
  - Who the fuck are they kidding . . . . ?  AlbertCat   Nov-29-11 03:01 PM   #61 
  - K and R  femrap   Nov-29-11 03:26 PM   #64 
  - Agreed and, as a small business owner, I get so effing sick of this from the GOP.  Hosnon   Nov-29-11 03:36 PM   #66 
  - "This Big Lie has been told, unchanged, for a looooong time."  CrispyQ   Nov-29-11 04:49 PM   #69 
  - Believe it or not ...  aggiesal   Nov-29-11 04:52 PM   #70 
  - Koch Bros fall under the term "small business" if you can believe that!  secondwind   Nov-29-11 05:46 PM   #73 
  - Owned my own consulting business w/ 5 employees (that's small)  proReality   Nov-29-11 05:51 PM   #74 
  - dems hate small business- said for 20 years from 1000 radio stations, w/out challenge  certainot   Nov-29-11 05:59 PM   #76 
  - People keep believing the GOP lies  Lunabelle   Nov-29-11 06:00 PM   #77 
  - I own my own business  Mugweed   Nov-29-11 06:19 PM   #78 
  - And please note, that's 3% on earnings OVER $1 million  DFW   Nov-29-11 06:46 PM   #79 
  - I own my own business and my income after expenses  Tumbulu   Nov-29-11 08:03 PM   #81 
  - US Small Business Administration defines "small business" as  Fool Count   Nov-29-11 08:14 PM   #83 
  - So here is an idea...  reACTIONary   Nov-29-11 08:52 PM   #84 
 

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