Obama - good for Americans

[dalakhani]

[quote=Danzig]

Originally Posted by dalakhani

the overwhelming majority? you sure about that? what's the cutoff point before you're no longer a small business? i remember i had cbs on after the last debate, and the talking heads on there also questioned obama's assertions that most small businesses make less than that.

Here are the medians:


http://www.payscale.com/research/US/...usiness/Salary

[Danzig]

"The U.S. Small Business Administration Office of Advocacy estimates the total number of "small" firms with fewer than 500 workers reached 26.8 million in 2006. That's the most recent estimate. But it is also inflated. Since the total U.S. population was just under 300 million in 2006, it would mean that one in every 11 Americans – men, women and children – is a "small-business owner."

It turns out, SBA's estimate includes more than 20 million "nonemployer" firms, an unknown number of them sideline or hobby businesses run by persons who actually make their living some other way. Census and SBA count as a "small business" anyone who reported as little as $1,000 of business receipts."


now i see why i was wondering about their numbers...apparently any and every type of second income is classified as a small business. my idea of a small business is something like where i work, which does far more than 250k a year. i didn't realize they counted every ebay seller or baby sitter, kid who does yard work, etc.

[dalakhani]

Originally Posted by Danzig

"The U.S. Small Business Administration Office of Advocacy estimates the total number of "small" firms with fewer than 500 workers reached 26.8 million in 2006. That's the most recent estimate. But it is also inflated. Since the total U.S. population was just under 300 million in 2006, it would mean that one in every 11 Americans – men, women and children – is a "small-business owner."

It turns out, SBA's estimate includes more than 20 million "nonemployer" firms, an unknown number of them sideline or hobby businesses run by persons who actually make their living some other way. Census and SBA count as a "small business" anyone who reported as little as $1,000 of business receipts."


now i see why i was wondering about their numbers...apparently any and every type of second income is classified as a small business. my idea of a small business is something like where i work, which does far more than 250k a year. i didn't realize they counted every ebay seller or baby sitter, kid who does yard work, etc.

I suppose that is why they use MEDIAN as oppose to AVERAGE

[Danzig]

Originally Posted by dalakhani

I suppose that is why they use MEDIAN as oppose to AVERAGE

but wouldn't it still be skewed? i mean, c'mon....don't most view small business as a place with say, 30 employees? payroll, benefits? not the avon lady...
right now, any business under 500 is a small business. perhaps they should have a minimum # of employees as well...

[dalakhani]

Originally Posted by Danzig

but wouldn't it still be skewed? i mean, c'mon....don't most view small business as a place with say, 30 employees? payroll, benefits? not the avon lady...
right now, any business under 500 is a small business. perhaps they should have a minimum # of employees as well...

A perfect system to me would include a cost of living adjustment that would vary from area to area.

A small business in your area may not be a small business in wheeling w va or wise county VA.

[zippyneedsawin]

Originally Posted by Danzig

"The U.S. Small Business Administration Office of Advocacy estimates the total number of "small" firms with fewer than 500 workers reached 26.8 million in 2006. That's the most recent estimate. But it is also inflated. Since the total U.S. population was just under 300 million in 2006, it would mean that one in every 11 Americans – men, women and children – is a "small-business owner."

It turns out, SBA's estimate includes more than 20 million "nonemployer" firms, an unknown number of them sideline or hobby businesses run by persons who actually make their living some other way. Census and SBA count as a "small business" anyone who reported as little as $1,000 of business receipts."


now i see why i was wondering about their numbers...apparently any and every type of second income is classified as a small business. my idea of a small business is something like where i work, which does far more than 250k a year. i didn't realize they counted every ebay seller or baby sitter, kid who does yard work, etc.

That's all of us handicappers who claim our "profits" at the end of the year as a gambling business, right?