Obama says he will hike taxes on income over $250,000, won't that kill small business?

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Small business revenue:
The average annual revenue of a small business is $3.6 million
The average annual revenue of a small business with a website is $5.03 million
Source: IDC, "Web Site Development in U.S. Small Businesses" 2004

Number of Businesses
Large businesses of 1000+ employees: 8,000
Midsize businesses of 100 to 999 employees: 93,000
Small businesses of less than 100 employees: 8.1 million

Small businesses ...
represent more than 99% of all employers
provide 60% to 80% of the net new jobs annually
are 53% home-based and 3% franchises
account for 97% of all U.S. exporters of goods

Small businesses account for:
52.6% of all retail sales
46.8% of all wholesale sales
24.8% of all manufacturing sales

http://smbtn.com/smallbusinessfacts/#bexpe

Obama seems to be out of touch with the $ figures in regards to small businesses in America.
 
hes trying to hide that exact fact!!! which people are too blind to even realize..... glad someone does....
 
So what? This is an example of business folks running to the Republican party (the conservatives) for a handout as well...You don't want to pay for the infrastructure that supports your business because you hold the threat of layoffs for American workers...yet small businesses have offshored work to cheap labor abroad in tall order...under the 8 years of George W. Bush...while getting those breaks...We have a 10 Trillion dollar deficit...and an unbalanced trade deficit...Who is going to pay for THAT? Those who make more...pay more. Other wise you go out of business....We are now heading in a Long, Deep Recession...If unemployed folks can't afford to pay for your product...and neither can others around the globe (because of a recession)....THEN SMALL BUSINESSES....GO OUT OF BUSINESS...It is wise for small businesses to agree to pay more. Greed will not pay for itself....There are NO FREE RIDES.
 
The amount of small businesses making $250,000 or more are no more than 10 percent. I talked to a small business owner today who owns 2 businesses...he stated that the total profit from both doesn't amount to $250,000. He's voting for obama.
 
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