I was writing a completely different diary, in which I was going to mention S-Corp filing status, and then I discovered that Koch Industries is considered a small business by our Republican, Trickle Up Economics Tax Code.
I flipped my head back, Screamed KOOOOOOOOCH at the ceiling, and then wrote this diary.
I'll write more about this in a moment, but you need to watch this clip from Kieth Olbermann, Right now, because he explains it best. More information afterwards.
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According to MSNBC, the list of corporations considered small businesses are as follows:
Koch Industries, a conglomerate of partnerships with 70,000 employees.
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.
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.
Bechtel, the largest construction conglomerate on earth.
The Chicago Tribune, which also owns the LA Times, the largest newspaper in America.
There are also individuals who file as S-Corps. These include Barack Obama, Mrs. John McCain, and Kieth Olbermann himself, which he admitted on air.
Now you know what republicans are talking about the next time they use the term “Small Businesses.”
It really means “Huge Businesses run by our buddies and people who give us money, as well as a few other slobs who manage to fit themselves in the same loophole.
Now you know why Obama talked about simplifying the tax code and closing loopholes in the State of the Union. The tax code as it stands is designed to aid huge companies and rich people, while screwing the rest of us.
Notice that Republicans only mention the phrase “Class War” when the rest of us fight back. It is indeed a class war, and they're winning.
The full MSNBC article is here: [http://www.msnbc.msn.com/... ]