Republicans don't understand small business

Republicans say we shouldn't raise taxes on millionaires because many of them own small businesses whose profits are taxed as personal income.  This argument is ignorant and misleading.

Having once owned a small "S" corporation myself, I know these businesses' owners are only taxed on the net profits, after paying all expenses and workers.  Raising tax rates on the wealthiest of them does not discourage hiring, as the Republicans claim.  In fact, hiring an additional worker actually reduces their tax burden.