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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 02:30 PM
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58. Surprised the term Micro Business hasn't entered the discussion...
Edited on Tue Nov-29-11 02:55 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.
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