SPIN ALERT re: Timber Company

[troublemaker]

Here's the deal:

Bush includes every person who files a schedule C as a "small business", even if he doesn't run a small business at all. For instance, if your schedule C is for rental income from renting your spare beach property. It sounds like Bush filed a schedule C last year to report a trivial payment from a timber company, and Cheney also filed a schedule C for something or another.

Bush and Cheney are counted as SMALL BUSINESSES simply because they file schedule C. And Bush and Cheney are not small businessmen.

You cannot define small business as anyone who files a schedule C. Period. It's crooked accounting (on edit: maybe not accounting... more like corrupt and dishonest reasoning and arguement.)

Bush was too dumb to even understand the point.

(If Bill Gates sells $2000.00 worth of baseball cards at flea markets then he would report that on his personal taxes on a schedule C. That wouldn't make him a small business.)

[Ksec]

1. The Fact Checkers are gonna have a Feild Day checkin boooshs lies

[jefferson_dem]

2. Surely this will be one of those post-debate fact-check thingies

and it should cream chimpy.

[NMDemDist2]

3. hopefully the press will straighten that out n/t

[baldguy]

4. Crooked accounting.

SOP for guys like Bush.

[onecitizen]

5. Thanx for explaining that........

I was wondering what it was all about. :-)

[LynneSin]

6. That's because he has wood for brains

probably was selling some of it

[catchthefever]

7. Thanks

for clearing that up. I didn't get it.

[noamnety]

8. I'm confused

Did he actually file something about a timber company, or was it a hypothetical example?

edit: nevermind, found it on factcheck:

"President Bush himself would have qualified as a "small business owner" under the Republican definition, based on his 2001 federal income tax returns. He reported $84 of business income from his part ownership of a timber-growing enterprise."
http://factcheck.org/article.aspx@DocID=265.html

What was Bush rambling about then?

[troublemaker]

9. It's an item from Bush's tax return. Depend on it. (They're published)

[yardwork]

11. That fact nails bush on his lies

[demwing]

10. So, according to Bush

John Edwards, multi-millionaire trial lawyer, is a small business.

The whole flap over Edwards' taxes were on his filing schedule C.