Never forget Joe:
Posted on 10/16/2008 7:44:56 AM PDT by AT7Saluki
Janet Chittock has two words for Joe the Plumber: “Tax him.”
“My gosh, $250,000 a year, of course I think his taxes should go up,” she said. “He can afford it.”
Joe the Plumber is the Toledo man who was held up as a litmus test during the third presidential debate tonight by both candidates.
Sen. McCain said if Joe has worked hard all his life to afford to buy a business that can bring him in that kind of money he deserves to keep as much of as he can. Sen. Obama said his taxes should go up to help alleviate the burden on people earning less – a position Joe would have found himself in a few years earlier.
Mrs. Chittock, 70, has been studying each candidate for weeks and has yet to reach a decision about for whom she will vote — though she is leaning toward Sen. McCain. Still, the question about what should happen to Joe the Plumber was an easy call for her.
The most Mrs. Chittock and her late husband ever earned together in one year was about $50,000. That a higher percentage of Joe’s wages should be taxed was as plain to her as the mushrooms on the pizza she was eating.
“You can only spend so much,” she said.
(Excerpt) Read more at blogs.wsj.com ...
Hey Janet who taxed your SS?
Yo Janet. $250k gross on an individual filing as a sub chapter S corp, after he pays contract workers, vehicles, etc, may net under $40k. You tack on another, say $15K in taxes and you will ruin him.
Ahhh...isn’t that 250k gross income? After paying your employees, expenses, taxes and everything else, what is left for him?
This is America after years spent by the Dems cutting down people who achieve anything, making most people uncertain about their own chances of ever achieving anything, and building a culture of resentment.
“Jane” is an idiot, which makes her the perfect Obama voter.
Is this real?
Never forget Joe:
NO, THIS IS THE DEMOCRAT PARTY OF TODAY....
Self-centered, short-sighted, and classless.
A proper FDR-raised democrat.
Don’t be too hard on her. She grew up being told all about the “malefactors of great wealth.”
She undoubtedly was raised to believe that anyone who has money must have taken it from the proletariat.
Sad, isn’t it?
The only explanation for her desire to stick it to Joe the Plumber is class envy. And it’s an ugly thing.
Why is it everyone else’s fault that this lady and her husband never earned more than $50k/year? And why should I have to support her for having failed to do so herself?
NO, THIS IS THE DEMOCRAT PARTY OF TODAY....
Self-centered, short-sighted, and classless.
I say we save a lot by just paying Chittock exactly what she put into Social Security. And not a penny more.
Stupid runs deep in our country.
If we are talking net, I don’t see the issue. If we are talking gross, that is clearly a problem. Has anyone ever figured out what the 250k is referring to...net or gross? I don’t know of any taxing involving gross, so I am assuming net but it would be nice to know for sure.
I LOATHE Janet and people like her!
So she would be happier if Joe didn’t have a business? She would be happier if the people Joe would have employed were in the ranks of the unemployed? Good grief!
Huh, since when do you pay taxes on gross income. The $250K is obviously net per-tax income.
I can't believe the number of people who are getting this wrong...
If you can delineate how a sub S tax files a return would be instructive.
As an employee I get a W2 and it states my gross income. But income to me is what I earned
If a sub S states gross revenue and subtracts labor, overhead and materials, then there is an adjusted gross. Then the remaining is owner’s equity. If his taxes are based on gross revenue, as opposed to the owner’s equity there is a serious problem with the tax law.
I’m surmising here and don’t really know how this works. Am I correct in my assumption?
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