The folks over at Americans for Tax Reform did a little digging and found that according to the IRS Statistics of Income Division, there were about 28 million small-business owners in 2006. As ATR does the math: "Almost 3 million of these earned at least the Obama tax hike-triggering $200,000 per year. Altogether, these business owners reported $700 billion in profits. And two thirds of these profits—$470 billion—were earned in the Obama tax hike households." I think the level is $250,000, not $200,000, but the point is taken. You have to look at the size of the small businesses affected, not just the number.