Joe The Plumber
I watched the entire debate last night and I felt the most at ease during this one. I thought Obama stayed focused and on message, whereas McCain rambled and seemed to get lost. I also found McCain’s facial expressions interesting, to say the least.
Maybe later I’ll write more in depth about what was or wasn’t said last night, but for now I have a question regarding Joe, the plumber.
Everything I’ve seen says Joe claims he was going to buy this plumbing business for $250,000. First, that seems just a bit fictious, but let’s stipulate that’s the case. If I understand Obama’s tax plan correctly, Obama’s cutoff for paying more in taxes is if your earned income is more than $250K. Now if Joe is going to buy the business for that amount, it doesn’t mean his income will be $250K, right?
Maybe I’m not understanding the plan. Am I missing something?