the fect is as a self-employed plumber he will pay additional self-employment tax of 15% of 103,000 up to whatever his income is. so an added 147K X 15% is over #20K more & that doesn’t include any of obama’s added fed tax
0bama’s condescension is sickening. McCain and Palin must keep hitting on this. 0bama asked derisively how many plumbers do you know make $250K. There must be some who do. All I know is I paid almost $400 to Roto Rooter a few months ago just to unclog a sink! I think some of these guys must do pretty well.