Homepreneurship!
By Marc Tracy
How have we never come across this word before? It turns out that "homepreneurs"--those who run their own home-office businesses--account for 13 million jobs. Over one-third of such businesses generate over $125,000 in annual revenue; 8% generate over $500,000. They may not be the mom-and-pop hardware store on Main Street, but these are small businesses, too, and as such, we would hope that federal policy is geared toward helping them thrive. One good first step would be to simplify the home-office deduction; another would be to make the self-employment tax fair. Any other ideas from our homepreneur readers?
November 5, 2009 2:30 PM
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