“I know a welder who made over $300,000 last year.
Most plumbers making over $250K have 3+ employees/subcontractors.
Under Obama many will need to reduce their workforce 20%.”
OR... the plumbing companies will raise prices to pay the tax man... businesses don’t pay taxes, customers pay the tax...
Thanks for pointing that out. Obama's not talking about taxing Joe Plumber out of business; he's talking about a national sales tax.
Businesses pay the tax on their revenues. So raising prices doesn’t necessarily qualify your scenario.