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View Diary: Lying liar: Romney's lies about his tax plan (84 comments)

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  •  Rule of Thumb - Whatever he says is bullshit (0+ / 0-)

    He was probably trying to make a point and exaggerating

    Using US Census data about 10% of small businesses employ about 64% of small business employees.

    A small business is defined as under 500 employees.

    "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

    by leftreborn on Thu Oct 04, 2012 at 12:27:24 PM PDT

    [ Parent ]

    •  Thanks everyone (0+ / 0-)

      For weighing in on the absurd 3% employing 54%.  When I saw Yankee Patriot reference "S corporations" I figured that's what Romney was talking about.  Some of the largest companies in the US are S corporations and therefore considered small businesses. Here are some examples:
       Enterprise Products Partners, L.P., a pipeline company with 2009 revenues of $25 billion.

      Kohlberg Kravis Roberts & Co., a Wall Street firm with $445 million in revenue in 2009.

      Price Waterhouse Coopers, an accounting firm with $26 billion in revenue in 2009.

      Koch Industries, a conglomerate of partnerships with 70,000 employees.

      • The Hillman Company, an investment founded by billionaire philanthropist/industrialist Henry Hillman.

      • Venn Strategies, Inc., whose chief operating officer is Brian Reardon, a former special assistant to former President George W. Bush.

      • Ferrellgas, a propane and propane accessories business, with $2 billion in revenues in 2009 and 1 million customers.

      • CoorsTek, a ceramics manufacturer founded by Adolph Coors, with 2009 revenue of $549 million.

      • Dead River Co., with $500 million in revenue and 1,200 employees.

      • McIlhenney Co., the Tabasco maker, with $250 million in revenue in 2007.

      Interesting that our old friends the Koch Brothers are on the list, too.  
      So c'mon, these poor modest small businesses need relief,  UGH!

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