The problem with McCain using Joe-the-Plumber as a prop, tax analysts said . . .

[bigtree]

from Bloomberg: http://www.bloomberg.com/apps/news?pid=20601070&sid=aqt518bNsSOs&refer=home


The problem for McCain, tax analysts said, is that the underlying premise that Wurzelbacher would face higher taxes under Obama is neither true nor typical of how the vast majority of small businesses would fare.

Wurzelbacher told Obama Oct. 12 as the Illinois senator canvassed his neighborhood that he was about to buy a business that earns as much as $280,000 a year. ``Do you believe in the American dream?'' Wurzelbacher asked Obama, citing the Democrat's proposed tax rate increase for Americans earning more than $250,000. ``I'm being taxed more and more for fulfilling the American dream.''

One problem in using Wurzelbacher to exploit the issue is that he hasn't paid the taxes he already owes, according to the state of Ohio, which placed a tax lien against him for $1,182.98 on Jan. 26, 2007, that is still active. A second judgment against him was filed in March, 2007 by St. Charles Mercy Hospital for $1,261, records show.

Moreover, the company McCain said the plumber wants to buy has annual sales of $510,000, according to an analysis by Dun & Bradstreet. That makes it unlikely that Wurzelbacher's purchase would give him a taxable income of more than $200,000 -- leaving him unaffected by Obama's proposal to roll back tax breaks for those earning more than $250,000, said Steven Bankler, a certified public accountant in San Antonio, who counts plumbers and other trade professionals as his clients.

Few such small businesses have enough income to be affected by Obama's tax changes, Bankler said.

One other problem in making Wurzelbacher a symbol of the overtaxed: he would pay just $773 more in taxes under Obama's plan than McCain's if he did earn an adjusted gross income of $280,000, according to an analysis by the Tax Foundation, a Washington research group that is critical of high taxes.


read more: http://www.bloomberg.com/apps/news?pid=20601070&sid=aqt518bNsSOs&refer=home

[LynnTheDem]

1. TYPICAL LIBRUL*spit*...using FACTS *spit* to refute every single thing a republican

says!


:rofl:

[bigtree]

2. I got a habit . . .

. . . and I needed a fix.

facts are stupid things . . . facts are stupid things . . . facts are stupid things . . .

[LynnTheDem]

7. FACT JUNKIE!!1 FACT JUNKIE!1! We make hour own realty, you

pinko commie librul!

[Lydia Leftcoast]

3. The Republicans depend on public ignorance

Unless you have been in business for yourself, you may have no idea that businesses and individuals are taxed differently.

For example, in 2007, I paid income tax on about half my earnings, thanks to a raft of expenses that are deductible for businesses but not for individuals.

A company may become unable to pay its taxes on time due to cash flow problems or a disaster, but taxes alone will not cause a business to fail, because a business that is failing, that has nothing left over after expenses, does not pay taxes.

[depakid]

4. Just as I suspected- dipshit probably doesn't know the difference between

gross receipts and taxable income- nor does he understand how marginal rates work.

[Caliman73]

6. That is the basic Republican strategy.

Convince the dumb and foolish that they have a place at the table, use them, then discard them. John McCain doesn't give a shit about Joe the non-plumber, or anyone who cannot get him closer to the power he craves. Oh he will gladly use idiots like Joe. Republicans will gladly pontificate about morality while they engage in the most vile exploitations imaginable because they know that stupid and fearful people will bite.

[JohnnyRingo]

5. Typical Barstool Republican

He's in debt, barely making ends meet, and he goes to bat for people who wouldn't give him the time of day.

Why do these brainwashed foot soldiers of the investment class always volunteer to sacrifice themselves to help wealthy people get rich, and rich people get stinking rich?

Do they really believe as "Joe" that their time is coming soon? Like we all take turns being the rich guy that gets all the breaks?

[TexasObserver]

8. Facts have a liberal bias, and everyone knows that!

He's an A-rab, you know. Because some old lady got an email that said it.


The problem with the low information voter is they cannot be educated. You can show them where they're wrong, and it won't matter. They're going to cling to their bigotry and make the facts fit that, every time.

[ContinentalOp]

9. $773!!! Oh noes! He could have created a job with that $773 and his bare hands! -nt-