I'm a small business owner and I make less than $60,000 a year.

[wildeyed]

53. You could also reinvest in infrastructure and depreciate the cost over a number of years.

People also don't seem to understand the difference between and S corp and a C corp. If your business is an S corp, then it is a pass through entity. Any profit that passes through to you will be taxed as income. Because it IS income. This is not some nefarious government plot to rob your business of its profits. It is plain ole income tax, just like other citizens pay. If you want to accumulate money in the business and have it taxed as a lower corporate rate (or not at all if you invest appropriately in infrastructure), then structure it as a C. Even years when we paid business tax and then gave ourselves a bonus as a draw, it STILL ends up cheaper than paying straight up income tax, but to the rightwing crazies it is DOUBLE TAXATION, oh the horror! People really don't seem to understand these simple fact and the rightwing takes advantage.