[Inyokern]

I have owned a small business for several years and I have never taken any long term capital gains in my business. Do small business owners typically take capital gains? I am an S-Corp and all of my earnings are subject to the personal income tax and FICA. Those are the only taxes I worry about.

[randog]

I have owned a small business for several years and I have never taken any long term capital gains in my business. Do small business owners typically take capital gains?

I'm with you. Where are my capital gains and, more importantly, where's my $250K+/year...?

[graywaiter]

What the hell is he talking about? We are second generation family business owners, also S corp. Have made above 250k a couple of years, but not as a rule. How do you give a small business a capital gains tax cut? No such thing unless you sell it. How else is it possible?