Tax cuts and small businesses

Chris Matthews: The tax increase is on individuals, not businesses.

Paul Ryan: Most small businesses are pass through entities, and pay tax at individual rates.

President Obama: Very few small businesses are owned by individuals with over $250K of income.

John Boehner to President Obama: Yes, but over half of all small business income will get hit by the tax increase.

WSJ: The small businesses not making any money wouldn’t be affected, but the ones succeeding out there would.

I would also like to see what percentage of small business employees work in businesses where the owner has income over $250K.