Joe the Plumbers Numbers...

26 times last night Joe the Plumber entered my living-room, so I decided to find out something about this plumber that makes so much money(280k). Turns out he doesn't; that the figure is an estimate of what he might make if he buys the business. By the way, that might mean a business loan to pay off for the first few years(15 usually), if he can get a bank to loan him money, which would bring his gross down below that figure. I have owned a business for years and never come close to this number but it is a different type of business and having had major plumbing work in the last year, I know they charge more then I do per hour. So - Good for Joe, (which isn't his first name by the way, it is Samuel) Way to make it in this world, but guess what? You are not middle class if that is the case. My combined household income which includes my total Business income is well under 100K a year but over the poverty level.

I found some help with the numbers, as I pay an accountant to do mine, another way to keep your business in a lower tax bracket (you might want to think about a good accountant Joe) here they are: 

So here's Joe's deal. He says he might make as much as $280,000 a year on his business. By the way, very nice. I don't know if that's "rich," but it's a whole lot better than most of us are doing these days. So under Obama's plan he would pay an extra 3% on the last $30,000, or $900. He's making over $250,000 a year, we're running huge deficits, but he's troubled by paying an extra $900. And we're supposed to be worried about this guy? He can't really be serious that this extra $900 in taxes breaks the deal for him, could he? 'Oh darn, I could have made $280,00 a year, but I'm going to pass because I will have to pay an extra $900 in taxes.' Puh-lease.

Further, as I understand Obama's plan, Joe would pay less on the first $250,000, meaning his actual net tax might well be lower than it is now. Plus he might get a tax credit for adding jobs. Not to mention McCain now says he is going to balance the budget, which absolutely will require more taxes. Joe doesn't seem to know on which side his pipe is greased.

Read the whole Blog here

Is it possible that Joe was a republican plant? He seems to be well versed in all of the GOP talking points in all of his interviews today. That ego of his is also soaking in the spot light. Have fun with your 15 minutes Joe.