Small Business Owners And Taxable Income -- Setting The Record Straight

The small business owner was iconic during this last election cycle. The rage all started four years ago with Joe the Plumber, and the candidates in this last run have since elevated the small business owner to near sainthood.  With this lofty status, however, have come the inevitable detractors. I’ve heard a number of critical comments thrown around about the financial status of business owners: they don’t pay taxes because they deduct everything; they think making $250,000 is ...