Thursday, October 16, 2008

Joe the Plumber ISN'T

As reported in today's New York Times, the so-called plumber made famous in the third presidential debate, by John McCain's constant references to him, ISN'T a licensed plumber at all!

(Hit stop on my Sarah Palin Tribute if you'd like to view a video -------------->)

And to make matters worse, Joe the (so-called) Plumber apparently really dislikes fulfilling his civic duty to pay taxes, since Samuel J. Wurzelbacher (<-- that's Joe the Plumber's real name) OWES BACK TAXES!

But wait ... there's MORE! I'll just quote the following from the NYTimes:

But if the plumbing business remained a two-person company and the net proceeds — after deductions for business expenses — were shared by the two men, both incomes would most likely fall well below the top tax brackets on which Mr. Obama wants to raise rates, as would the company itself.

One source that I want to double-check claims that, even if Joe the Plumber had a business that made 250,000, the tax rate would only go up 3%, so that would be an extra 7,500, not withstanding any loopholes that would surely save at least a little bit on taxes.

So, to recap:

1) Joe the plumber is NOT licensed plumber
2) Joe the Plumber owes back taxes, and
3) If Joe the Plumber co-owned the plumbing business with at least one other person, at the current business value, his income taxes would not go up under Obama's plan, and might even go down!