I am a small business owner, and (so far) a successful one at that. I'm rather proud of that fact. I look forward to the day when my prosperity is cemented and I can be a new kind of class traitor.
Anyway, the entrepreneur tip is what I'm on right now, and I heard this on NPR and it got me mad enough to yell at the radio. I want to give a big, personal "I Lived Through 9/11 And You Didn't" Scranton-style dick-punch to both John Bohner and Mitch McConnel — and really anyone parroting the GOP party line — for turning people like me ("small businesses") into some GOP hump-fetish to defend the notion that we really need now are tax cuts for the top bracket of earners, those pocketing more than $250k a year.
Let's be clear. It is not many small businesses, or even good ones, that will be affected by these cuts. And those that are, that means the owners are making $250,000 or more, which regardless of your perception, makes you a wealthy individual here in Estados Unidos. Count your blessings. I do.
I'll break it down for you in bare brass tack terms. You only pay taxes on profits, not revenue. This is basic accounting, which I know they don't teach in the Senate, but it's something you learn if you stay in business more than a year: gross is not net, and you need to learn to tell the difference. A small business with six or ten employees may turn over around a million dollars in a year, but most of that is spent before year end.
This is how you roll in real life as you stack that cheese. Here's what I know: