Called my typical Plumber Husband and he said that's about what he makes a year.
Posted on 10/16/2008 8:53:21 AM PDT by reaganaut1
Hey Joe, that's not profit. (what you pay taxes on). Cost of sales include transportation, insurance, health care,among other things. The taxable income on these rates is more like $20 to $30.
You win.
I would not exactly condider Bill Gates founding of Microsoft and his resulting billions as "unglamorous".
Not being from the trades in my family, I kind of envy their doing clearly useful, necessary things with noisy rigs and getting to be outdoors...at least in nice weather.
I wouldn't be a roofer, though. When I have work on my roof done, my nerves are shot. And I have asked every roofing contractor "Why don't you engineer some safety rigs, like rappelling..."
Now THAT was funny!!
Thanks!
That ends in late January of next year from what I'm hearing on the idiot box.
Who gives a crap?
Are we communists who decide what each job classification should make? You are a prole, so you have our elitist sympathy and $10 per hour? And there you stay for the rest of your life!?
Joe might create the next great plumbing franchise for the USA and make $100 million. Good for him.
About 15 years ago, truck drivers for one of the grocery chains went on strike, enraged that they were averaging a mere 80K a year (with overtime).
By now they are probably in the six figures.
His company employs 65 guys. Last year the business grossed near $8 million.
* With new plumbing for new construction, the work is easy, and the pay is great.
* There is a huge demand for repairs (crawling under old houses during winter and the like), with constant harassments from many customers who want the jobs done for little or nothing.
And that is the real point - what difference should it make to a President? In the real America, he would encourage Joe to grow his business and make all the money he can. Joe will support his local community, his church, his charities, and his family and friends, rather than sending his “excessive income” to Washington to be ‘re-distributed’ according to how Nancy Pelosi or Barack Obama think it should be.
I really hope this story stays alive - but let’s get back to the important point: It’s SOCIALISM!
You’re right. And what self-respecting plumber doesn’t have a few plumber’s helpers, anyway? ;-)
Nassau and Suffolk County police start higher than New York and end up MUCH higher.
Thanks for pointing that out. Obama's not talking about taxing Joe Plumber out of business; he's talking about a national sales tax.
Called my typical Plumber Husband and he said that's about what he makes a year.
A master plumber working alone 40 hours a week ( at $100 per hour ) could gross $4,000 per week or $200,000 per year.
Selling boilers, pipe, and other material would generate a nice mark-up from wholesale.
Working overtime to 12 hours per day plus weekends...even more.
Billing out a helper or other journmen plumbers would likely net another nice piece of business.
Then the expenses if he has office rent, truck, gas, insurance, worker’s comp., income taxes, payroll taxes, bookkeeper...
I am a machinist, own a mold shop that is a chapter S corporation. Some years we don’t do so well, others we do.
All I know is at the end of the year all the profit sitting on the books goes on my personal taxes, and I will never see it. I will buy a new machine, hire someone, anything but take the money home as a paycheck.
Baraq wants that money taxed and given to others, that just pisses me off major, especially when we only get a couple of good years mixed in with a few bad ones.
I have a tax prep business. One of my plumber clients grossed, in 2007, $369,000. His net was $228,000. This is in California.
Oh, I understand that, especially for a plumbing business owner.
I just answered the question asked.
Get your plumbing certification, a pickup truck, a phone number in the yellow pages, the tools of the trade, charge $75 an hour, and you can make about $156,000 a year (gross) in a normal working year (40 hours a week).
That's before expenses and before taxes.
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