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Most small businesses are NOT S-corps!

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RoadRunner Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 09:14 PM
Original message
Most small businesses are NOT S-corps!
Most small businesses are sole proprietorships - look at any business text. *Bush is full of horse shit.
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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 09:16 PM
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1. I work for a small business
three employees-can't get more small. Shrub is blowing smoke.
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progressivebydesign Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-08-04 09:16 PM
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2. And even as an S-Corp, it's based as personal income..
BUT it's THEIR choice to do it that way! They could choose to register as a regular corporation, and be taxed that way. Only if their income is over 200k would they be affected.
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shrub chipper Donating Member (622 posts) Send PM | Profile | Ignore Fri Oct-08-04 09:17 PM
Response to Original message
3. We are an S-corp
and I wish we would make $200 K a year...I'd gladly pay more taxes on it!!
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RhodaGrits Donating Member (688 posts) Send PM | Profile | Ignore Fri Oct-08-04 09:18 PM
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4. I'm a small business owner in an S-corp and all that Bush has
done is cause my state and local taxes to sky-rocket and my health care costs to rise painfully.
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