[quote=fat_lazy_union_worker]Doesn’t Joe the Plumber charge $250/hr for repairing plumbing though? Last time I checked, installing a water boiler was like $300-$500 for a 1 hour job (tops)… I think this country underestimates how much Joe the Plumber really makes.
[/quote]
Except good ol’ working-class Joe said the company only “makes 250 to 280 thousand” per year.
So, if Joe actually goes through with it and buys this company, his marginal increase under Obama would be at most $900. $900 is 0.3% of $280K.
If Joe really busts his ass and works 320 days per year, then we’re talking about an extra day of work under the Obama plan for working-class Joe to pay his taxes. If Joe works the normal 250 days per year, then Joe will need to work an extra 4/5ths of a day to pay for his tax increase under the Obama plan.
As you can see, Obama’s tax plan has incentivized Joe to go stand in a welfare line as opposed to continuing to work to make more than 95% of Americans.