Joe the Plumber for president
"To be honest with you, that infuriates me," plumber Joe Wurzelbacher. "It's not right for someone to decide you made too much -- that you've done too good and now we're going to take some of it back."
Word.
The ABC blog the quote came from proceeded to show just how wrong Joe is, explaining B Hussein's plan to tax people who make $250,000 or more. The blog also asks Joe what SOMEONE ought to ask B Hussein: Is that gross profit or net?
== Walker
Word.
The ABC blog the quote came from proceeded to show just how wrong Joe is, explaining B Hussein's plan to tax people who make $250,000 or more. The blog also asks Joe what SOMEONE ought to ask B Hussein: Is that gross profit or net?
== Walker
posted by Walker at 9:28 AM
1 Comments:
If if it's $250k net, that doesn't make it a good idea to tax net. Most small businesses should be able to find enough deductions to avoid showing $250k net, but still. If you're making a hefty profit in your small business, and are able to show a $250k+ profit, why can't that money be left alone, so the small business can accrue cash against the hard times Obama will make sure are coming? They complain about savings rates in this country, and lack of savings is the first thing that puts small businesses under in hard times, but if you conserve profit as cash--you get taxed on it. If you spend all your cash on expansion, it's generally deductible.
If Obama's taxing gross, he's out of his damn mind. The Dems have too many powerful business constituents that would hurt, and he'll never get it through the congress.
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