How do I get in on this business that starts making out over $250K year?

[itsrobert]

You think there would be a bidding war for a business like that in this economy?

[liberalmuse]

1. I'd pay more taxes, no problem.

I make a little over $40k right now, and I feel like I have too much money! $250k? Jesus, what kind of asshole complains about paying taxes on that???

[amdezurik]

4. in particular whenn we are talking about

3% extra on 25,000 by Joes numbers. what a whiner

[Generic Brad]

7. An asshole who makes $5 million a year

John McCain was only freaking because Obama is going to raise his taxes.

[Eric J in MN]

2. I think the concept was that the plumber is already making over $250,000...

...but he says he won't have enough left over in the years ahead to start his own business if he's taxed more on the top portion of that.

(If I'm mistaken, let me know.)

[itsrobert]

5. Good for him if that's true. But a business can take a huge amount

of deductions. Especially one that is just starting up. If he can't managed that, he would be better off keeping his plummer job.

[Blue Diadem]

9. Joe wants to buy the business where he's been employed.

Yep. Here's a snippet from the Blade's article:

http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20081015/NEWS09/810150232

Mr. McCain referred repeatedly to Joe Wurzelbacher, a plumber from Toledo, Ohio.


Mr. Wurzelbacher watched Wednesday night’s debate and said he still thinks Senator Obama’s plan would keep him from buying the small business that employs him.

About Senator McCain: “He’s got it right as far as I go.”

Even so, Mr. Wurzelbacher declined to say who was getting his vote.

[LiberalHeart]

11. Interesting. On the local ABC station where he lives, he said both guys made good points tonight.

[sandnsea]

19. He told Katie Couric he doesn't make $250,000

but that raising taxes is a slippery slope and who knows when they'll decide $100,000 is enough to raise taxes on.

The guy is a liar.

[DJ13]

3. Any job paying $250,000 to make out aint legal

[riderinthestorm]

6. I'm a small organic farmer and I want to know a hell of a lot more about Joe the plumber's issues

$250k/year???!!! What the fuck?! I make that maybe over 10 years IF, IF, the weather cooperates, the market cooperates, and I can get good harvest help who don't destroy the crop. I am THRILLED if I make $25k/year.

McCain can make a poster child out of Joe the plumber all he wants but there are a slew of us REALLY SMALL businesses who are fuming about McCain tonight.

[upi402]

16. I but organic, and local if I can

and I always hope the $ goes to someone like yourself. I think the prices are fair as hell for what it takes to get it to us. I doubt the stuff in the big stores is 100% organic, but I play the numbers and always get it. In the end it's better by far.

And yes, gold plated fony phuucking plumer ploy. McCain is a Republican and whatever he says is rubbish, I figure.

[Sparkly]

8. The one Joe the Plumber wants to buy? Also, where's that $5600 average health insurance policy?

:wtf:

[klook]

10. This guy doesn't even own the business yet!

He just works for a plumbing company that he says he wants to buy. There's no evidence, as far as I know, that he has the wherewithal to actually buy the company. So all this crap is hypothetical. (If he does have the scratch, more power to him -- and he should be able to pay his fair share of taxes.)

And, by the way, if you're "a plumber" making more than $250k a year, you're not crawling in basements with a wrench. You're sitting in an office while a dispatcher sends out 50 guys in vans with your name on them to go crawl around in people's basements.

The whole thing is another Republican fantasy.

[LiberalHeart]

12. On TV tonight he said he's middle class and mentioned the interviewer could see that from his house.

I think he was thinking if he bought the business he could be hauling in $250,000 a year. I don't know what company he works for; it'd be interesting to know because that would give some sense of how realistic his view is. I do know there's been a lot of plumbing work around here the past 2-3 years because of massive flooding. Or maybe he's with one of the companies doing the huge contract work on the sewer system.

[Blue Diadem]

14. I think he needs an accountant because I'm betting he doesn't

really understand business and taxes.

[gopbuster]

13. The business would have to have revs of 2.5 mil or so for the company to

clear $250,00

[Lex]

15. The company grosses $250,000 but that's not what Joe is taxed on!

Joe is taxed on whatever is pure net profit to him. If the business makes $250,000, that means Joe takes home FAR LESS due to operating expenses, etc., which are deductible.

[JDPriestly]

17. Become a plumber. The working conditions stink but the pay is good.

[EFerrari]

18. Colbert said, start a failing bank!

[Subdivisions]

20. Perhaps not so unusual. I once started a sheet metal business in

Virginia and reached revenues of $100.000 in the first 4 months.