Obama just uses talking points and doesn't listen!
"Joe the plumber" wants to move from being a "plumber" to a "small business owner" where profits from his company along with his salery will but him abover the $250,000 income range. He's more than just a plumber!
As an owner of a small company you generaly show your profits as personal income to avoid the much higher corporation tax.
If you as the investor in a company pay yourself $100,000 and your company makes $150,000 in profits...guess what, your rich and are taxed higher.
That means less to re-invest in the company, less to give to employee's!!
Kwaayesnama
· 1 year ago
Funny! Joe The Plumber is not a licensed plumber.
The Old Cowpoke
· 1 year ago
Kwaayesnama, apparently you that a plumber's license is only required in Toledo, Ohio, not state-wide as in many states. No law broken by Joe in Ohio, only by ACORN in Ohio, and that ACORN was hired by a company that Obama hired, and paid $80k directly to. Or don't you consider voter fraud to be illegal?
The Old Cowpoke
· 1 year ago
That should read "apparently you DON'T know".
Mike Licht
· 1 year ago
The Toledo Better Business Bureau says Joe the Plumber's company stinks!
All Comments
"Joe the plumber" wants to move from being a "plumber" to a "small business owner" where profits from his company along with his salery will but him abover the $250,000 income range. He's more than just a plumber!
As an owner of a small company you generaly show your profits as personal income to avoid the much higher corporation tax.
If you as the investor in a company pay yourself $100,000 and your company makes $150,000 in profits...guess what, your rich and are taxed higher.
That means less to re-invest in the company, less to give to employee's!!
See http://notionscapital.wordpress.com/2008/10/17/...