well, keith, yes, there are some. you can have an author. maybe my next book, i can make enough money to come on your program for it. there are people who may own a chain of fast food stores or a successful group of liquor stores, but they re a small proportion of this. there are about 15,000 s corps have an average revenue of $18 million, and partnerships that have an average income of $137 million. these rich guys paying the top rates, they d have to pay a lot more in taxes if obama doesn t renew the bush taxes, right? well, yes and no. they do, after all, have access to tax shelters. the reason the tax code is so thick has nothing to do with ordinary americans, it has to do with favors bought with campaign donations. but, yes, overrule, they will pay higher taxes, which will go to provide better infrastructure so they can move their goods and
the biggest small businesses in the world bechtel. a small business that builds airports, sea ports, railroads, oil refineries, nuclear power plants. but back when it was just ye old bechtel shoppe, they built the hoover dam. today, the world s number one engineering and construction firm, a small business. companies aside, who are the actual people who would benefit from the republican tax cut for the richest small businesses? him, for one. bloomberg news reports the president and other big authors and actors and celebrities, even hedge fund managers, file as s corps to save on taxes. nor is mr. obama the only famous s corp. owner. recognize this guy? how about now? thanks to court documents reviewed by countdown, we know one of texas two richest men in the 1990s became an s corp.
taxes as a pass-through. house democrats last week identified three limited partnerships that file as pass-throughs. a pipeline company called enterprise, the wall street firm, kohlberg, kravitz, and roberts, and the accounting firm pricewaterhousecoopers. the koch brothers own website lists partnership after partnership after partnership that make up a small business empire of 70,000 employees. according to the washington post, more than 1 million people who reported at least $200,000 in income in 2008 were partnerships and s corps. the richer you are, the more likely you are to call yourself a small business that way. 89% of americans who make more than $10 million a year filed as a partnership or an s corp. in 2008, more than 500,000 of these supposed small businesses had more than $1 million in assets.
enough money to come on your program for it. there are people who may own a chain of fast food stores or a particularly successful group of liquor stores. but they re a small proportion of this. there are about 15,000 s corps have an average revenue of $18 million, and partnerships that have an average income of $137 million. these rich guys paying the top rates, they d have to pay a lot more in taxes if obama doesn t renew the bush taxes, right? well, yes and no. they do, after all, have access to tax shelters. there are all sorts of fine rules. the reason the tax code is so thick has nothing to do with ordinary americans, it has to do with favors bought with campaign donations. but, yes, overall they will pay higher taxes, which will go to provide better infrastructure, so they can move their goods and
house democrats last week identified three limited partnerships that file as pass-throughs. a pipeline company called enterprise, the wall street firm, kohlberg, kravitz, and roberts, and the accounting firm pricewaterhousecoopers. the koch brothers own website lists partnership after partnership after partnership that make up a small business empire of 70,000 employees. according to the washington post, more than 1 million people who reported at least $200,000 in income in 2008 were partnerships and s corps. the richer you are, the more likely you are to call yourself a small business that way. 89% of americans who make more than $10 million a year filed as a partnership or an s corp. in 2008, more than 500,000 of these supposed small businesses had more than $1 million in assets. in 2005, almost 20,000 of them