you don't pay taxes based on gross, but on net. joe could gross 10 million and net 50k. it is the latter number that matters.
On Fri, Oct 17, 2008 at 10:36 PM, Loren Faeth <[EMAIL PROTECTED]>wrote: > At 08:02 PM 10/17/2008, you wrote: > >> My understanding is that Obama said that less than 2% of small businesses >> bring in more than 250K. >> http://www.smh.com.au/news/web/internet-abuzz-with-joe-the-plumber/2008/10/17/1223750299721.html >> > > As with most things in the media, this is hogwash. Small business is > defined by the Gummit as up to 500 employees. aNY SMALL business that has > one employee has to make more than 250 k, or they will be out of business > very quickly. If the net is 10% a business grossing 250 will yield only > 25k. How many of you want to sign up for a job where you work 89 to 100 > hours a week and take home 750 a week? Remember, of that 25k, SS takes 15% > off the top. Then you have to pay health insurance, or hope you never get > sick or injured. > > By the way, there are a lot of businesses that net less than 10% of gross. > Also remember Bama is talking about gross income fom a business over 250k > gets taxed even more. > > > Further, apparently 'Joe the plumper' does not have a license and doesn't >> like paying taxes >> "With the crowd chanting "Joe! Joe! Joe!" Palin also referred to Samuel J. >> Wurzelbacher, the Joe the Plumber repeatedly cited by McCain in Wednesday >> night's presidential debate as an example of a hardworking American >> concerned that Obama will raise his taxes. It was revealed Thursday that the >> Toledo area man, who had challenged Obama last weekend, doesn't have a >> plumber's license and owes the state back taxes." >> http://news.bostonherald.com/news/politics/2008/view/2008_10_17_Sarah_Palin_rips_into_ACORN__defends_Joe_the_plumber/srvc=home&position=5 >> > > There are US senators with tax liens. Joe never said he was a licensed > plumber, he said he wanted to buy a plumbing business. Again, this is media > BS and the only reason the dems and media are trying to take poor Joe apart > is because he had the audacity of hope to want to own a plumbing business. > His middle name is Joe. Bet there are senators that go by their middle > name. You don't have to have a plumbers license to own a plumbing business. > And the best managers are generally NOT the technicians. It MIGHT also come > as a shock to some people that there are areas of the USA where you don't > have to have a freaking license to be a plumber. None of the media morons > have ever been to these parts of the country, so they have no idea. Bama > has no idea, that is for sure. > > And why shouldn't someone earning 250K plus pay more taxes than others. >> > > If it was taxable income, rather than gross, it might be a point. If we > had a fair tax, the more you make the more you pay. Anyone who has a line > whateverit is where the next line is the taxes you pay of 250k IS ALREADY > paying taxes through the nose!!!!! > > I'd sure as **** like to get there some day! I don't need the gummit in > the way making sure I never can. > > I have no idea what the tax structure is in OZ, and I frankly don't care. > > > Loren Faeth > > _______________________________________ > http://www.okiebenz.com > For new parts see official list sponsor: http://www.buymbparts.com/ > For used parts email [EMAIL PROTECTED] > > To Unsubscribe or change delivery options go to: > http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
