Do 97% of all small businesses really make less than $250,000?
Technically yes through a nebulous definition of small business. However: LINK
"About 78 percent of all companies in America don't actually employ anybody other than their owner." In other words most of the 97% aren't a factor in the employment picture.
For sake of argument though, let's ignore all those solo operators. Instead we'll focus only on the roughly 4.1 million companies that are both affected by individual income tax rates and have actual employees on their payrolls. We can call these "actual small businesses."
Turns out, many of these actual small businesses aren't really what you probably think of as "small." Just 1.3 percent of actual small businesses employ 43 percent of the country's actual business workers. These are companies with 100 people or more Think along the lines of big Washington law and lobbying firms, which are usually organized as partnerships, and can rake in hundreds of millions of dollars a year in revenue.
Translation: The term small business is misleading. Most of the job creation in what is called small businesses, is within big companies that make over 250k a year and would be and are being hurt by Obamacare and Obama's tax policies in general.