Hey, I don't want to pick on Joe the Plumber. He seems like your average guy who just wants to make up a grievance with a presidential candidate in order to give himself a better excuse for voting against that candidate.
I mean, his whole beef was that Obama was going to raise his taxes when Joe buys the plumbing company he's been working for.
Except that he's not really buying it. He's just talked about buying it at some point. And if he did buy it, he would still probably not make the $250K per year that would bump up his taxes slightly. The most likely scenario, whether he buys the firm or not, is that he'll get a tax break under Obama's plan.
Also, if he did buy it, he might want to actually get a plumber's license. He doesn't have one at present.
There are other things to pick on Joe about, including his attitudes toward Social Security and Sammy Davis Jr. But again, I don't want to pile on. He didn't know that his manufactured, unrealistic gripe was going to become prime time debate fodder. I just think it's ironic that McCain is holding this guy up as an average voter who's going to get the shaft under Obama's plan. Because he's not. The entire premise is false.
Of course, that's never stopped a political attack before.
1 comment:
Yes, The thing that gets lost in the small business argument is that you only get taxed at the higher rate if AFTER you pay your employees and AFTER you buy your supplies and AFTER you pay your health insurance bills you STILL have $250,000 or more that goes directly to you, the small business owner as an individual (NOT back into the business), only THEN will you pay a somewhat higher tax rate.
The only plausible way it would hurt a truly struggling small business would be if the business was very up and down, IE you went 5 years where you could only pay yourself $10,000 a year, then you had one great year at $300,000. Then, averaged out over 6 years, you MIGHT pay a little bit more.
The whole "you're going to hurt small businesses" argument is pretty weak to me. Someone needs to show me a specific example with three to five realistic years of that small business's accounting books.
Post a Comment