Perhaps the lies are Kerry's?
Our investments in stocks, holdings in trusts, etc, will be handled under capital gains/loses and in other ways that DO NOT require filing as a business (small or otherwise.) My DBA pays taxes for 1099 wages, my capital gains/loses, etc are handled differently. If GW were to get 1099 salary from a business interest as part of his small business then he most likely would be filing as a (small) business - but this is not possible as President of the US. Rules would require his investments to be placed in a blind trust. What does this mean? It is more then likely that GW would not be considered a small business.
I am not an expert on all matters pertaining to this subject, but as an independant consultant with a DBA, I am more then familiar with the tax implications of running a small business. If there are accountants out there that have more specific knowledge about handling taxes for a trust then I am certainly open to being wrong on this issue. Until then, I beleive Kerry was doing nothing more then waving a big, fat and stinky red herring in the faces of the voting public.
Even if GW were to be classified as such, however, Kerry is still misleading you and everyone else on the matter. $200k for a small business is nothing when deducting overhead etc. There are a whole lot of people operating this way, and GWs numbers actually sound about right.