GoDaddy Outage Takes Down Millions Of Sites, Anonymous Member Claims Responsibility

[valerief]

35. I was talking about Congress, not SBA. (But I meant ees not owners, oops.)

Second, what Congressional Republicans Define as “Small Businesses” Include Millionaires and Billionaires, Law Partners, Hedge Fund Managers, and Passive Investors. Congressional Republicans define as small businesses any individual who receives “small business income”. Under this definition:
◦Over half of the 400 Highest Earners in the United States Would Be “Small Businesses”: According to IRS data, in 2009, among the 400 taxpayers with the highest adjusted gross income – group that averages over $200 million each in taxable income – at least 237 would have qualified as “small businesses” under this definition.
◦Hedge Fund Managers and Law Firm Partners are “Small Businesses”: It counts any type of partnership income, proprietor income, or S corporation income as “small business” income. That includes:
■income received by partners in law firms – each and every one of whom would be considered a “small business” under this definition
■income received by partners in hedge funds – each and every one of whom would be considered a “small business” under this definition
■passive income on investments
■income from renting out a property like a vacation home.

http://www.whitehouse.gov/blog/2012/07/09/extending-middle-class-tax-cuts-98-americans-and-97-small-businesses