I'd like to bust this "Joe the plumber" issue wide open:

Now first off we know Joe is a phony because there aren't any REAL people out there who would go along with the story. McPalin has to fabricate a scenario in order to serve their claims, and even then, the scenario reeks of fallacy. Here's why:

McCain keeps saying Obama plans to take Joe's "riches" and spread them around.
I've been privy to the financial end of all the small businesses I've worked for. Many in my 30 yr career. Businesses don't fucking pay "income" taxes. Period.

Now I welcome anyone to add to this argument. Enlighten me about anything I may be missing or leaving out but here's how I see it. And in the end, I think I will have laid out the fundamental difference between the philosophy that drives a Democrat and the one that drives a fucking pig.

Business 101 says take your profit and reinvest it in your business. Any way you do that is deductible. At the end of the year, you don't want any money on the books that you can be taxed on. You may have business property tax but you aren't going to be taxed on your profit unless you are a damned idiot.

So if I'm Joe the plumber, I have a few choices as to what I can do with my profit.

I can invest in more tools and equipment, increase my spending on marketing, hire a few more plumbers, even launch a "bold new initiative", all with the purpose of growing the business in the interest of......wait for it.......making more money!

Now what am I going to do with the money? I could give my employees and myself a raise. I could offer them health insurance. I could also purchase some fuel efficient company vehicles. I could even donate to charity.

OR....OR....OR....

I could pay MYSELF a whole lot more. (I smell income tax)

There is nothing wrong with working hard and working smart and getting paid more. But are YOU, as a small business owner, going to channel ALL your profits into your own personal salary? Are you going to take the hard work and extra effort your employees give you and reward only yourself? Are you determined to get rich in 5 years instead of owning and operating a business that increases the prosperity of you and all your employees over a longer period of time?

The only PIG I ever worked for, ultimately, not only didn't pay me for the work I did, but he purchased a beach house and a sail boat that he wrote off as a business expense. He even wrote off the furnishings he bought for his new home, even down to the fucking lamps, on his business taxes, claiming it all as office furniture.

This fucker was RICH. And he got rich from my hard work and his ability to be a slime-ball. He offered me NO benefits, decreased my rate of pay over the years I worked for him and eventually framed me for bribery so he could get out of paying me for work I'd done for him. (He videotaped me with a hidden camera while I threatened to quit if he didn't pay me what he owed me and then edited it to make it seem like I was somehow threatening him without cause)

So the only way I figure JOE the PLUMBER could possibly be hurt by any tax plan Obama has is if he skims all the profit for himself by adding it to his own salary and can't figure out how to spend it fast enough on phony business deductions before the end of the year!

Correct me if I'm wrong here.

If JOE can't live off $249,999 a year then I say he has psychological problems. And if he is making that kind of money being a plumber, then he must be hiring some stellar people who deserve health insurance, an annual cost of living raise, and an annual bonus based on profits.

WHY does a business exist? For the sole pleasure of a pig who can't get enough of wallowing in the sweat of those who produce his profits? Or does a business exist for the benefit of all who make it what it is? Must you become filthy rich off the backs of others in order to retire at 48 while they can't get their teeth fixed or their annual physical? Or afford a vacation once a year? How many homes do you need to own while they can't pay for their own? It IS, after all, their hard work that got you where you are.

McPalin says Obama will make it impossible for small businesses to create more jobs. I worked for this pig during the height of shrub's fist 4 yrs and he couldn't pay me, his only employee, for the one job I did and he got fabulously rich. Trickle down didn't trickle.

And you are quite right ...

The only problem is: The Media isnt going to report it like that .... The like to play the GOP's game of lie and deceive ....

reasons at least for the next 4 years.

I own a small business and I pay taxes on it

you should only be paying on your salary, as all individuals do, LLC or S-Corp included.

As a S-Corp owner, hubs and I keep a close look on the P&L report to know if we need to give bonuses this time of year. Otherwise, we pay the partners a salary, which is a business expense. BUT, we only pay PERSONAL income tax on anything that is shown as profit made, and that money is distributed to the partners, and THEN, the company picks up the tab for any personal income taxes onwed....so, if my hubs incomes tax indicates that with the additional income added from company profits (which is in addition to the salary which has all taxes withheld) he now owes an additional 1,000 (example only) in federal (on an S-Corp, income from profit is not subject to SS or Medicare taxes), and some additional to the village, the State and the schools, the COMPANY cuts a check to cover it which is part of the COGS, and therefore a deductible company expense.

Unfortunately, this will be a break even year, perhaps even a small loss year. Not because of lack of business...our gross sales are better than last year. It is our cost of materials. Let me tell you, if we passed every bit of our increases in steel, gas, and other parts along, our services would cost WAY more. So we ate some of it, and our customers know it, as do our NEW customers who came to us when they price shopped. We were able to do this for 8 months, and will re-evaluate after the end of this year. As it is, materials costs are dropping rapidly, and we will be contacting many of our vendors about their now ridiculous fuel surcharges nw that gasoline if about $2.25 now in our parts (charging us 17% fuel surcharge on our total GROSS purchases was hateful but understandable when fuel was over $4.00, but NOW it is just money grabbing)

ANYWAY, the fuel surcharge is one thing of many that will trend our company toward a loss. It will be close.

In other words, Joe the Plumber does not understand how business works, at all.

And I am f*cking sick to death of low information idiots throwing around the term "socialism" when they apparently don't even know what it means, nor have they apparently taken the time to educate themselves.