Hoyer: The Tax Increases Don't Hit Small Businesses

In a display of economic ignorance that should not be tolerable to the number two Democrat in the house, Steny Hoyer said that because most small business owners don't pay themselves $280,000 per year, they won't be affected?

Hello?!?!? Someone please explain this these people that Subchapter S corporations are taxed at ordinary income tax rates - we're talking revenue - not profit.