Joe The Plumber - $250,000 Before or After Write Offs?

[unfaithfulsfan]

Not 100% positive but I would think it would be based on your AGI(Adjusted Gross Income) so after write offs!

No offesne, but if you clear $250,000 year and bring in more than 95% of Americans, then I think you should get taxed more. Now I'm no where near that tax bracket, but looking at the top from the bottom it makes me sick... People making $250,000+ a year crying about taxes when they cleared that much... I just don't get it.

How is Joe the plumber going to buy a company that profits that much... a company generally sells for 3-4 times it's yearly profit, so he's going to buy a $1 million plus plumbing company?

My friend, you hit the nail right on the head. I'm so sick of people who have to do without their second Bentley complaining about it when the rest of us can barely afford brakes for the beater we've got (and are probably upside down in to boot). I'm all about this country letting people be as successful as they want to be but this has gotten out of control. AIG proved that point in spades.

I've never gotten food stamps or been on welfare but I've got long term heath issues that have cost me more jobs than some of you guys here at LR have even held yet. (Yeah! you young whippersnappers! ) I'm sick of the Bill O'Reilleys of the world telling me it's my fault that I'm not a millionaire. Let them cough up some cash for those who can't afford ever-more-expensive medical care in this country since Socialist Medicine is "the debil"

Jack

[Alathald]

I'm sick of the Bill O'Reilleys of the world telling me it's my fault that I'm not a millionaire. Let them cough up some cash for those who can't afford ever-more-expensive medical care in this country since Socialist Medicine is "the debil"

The great irony in all of this is that we are currently in the process of socializing our banking system

[Sovereign]

The greatest irony is that the people who are so "anti-socialist" are the ones who caused the whole needing-to-socialize-the-banks thing... "Deregulate and we'll take care of ourselves!" -- NOT. I'm not suggesting stifling amounts of government regulation, but we've all seen what unregulated capitalist systems do. Look at Russia right after the dissolution of the USSR. Socialism suffocates but pure capitalism with no regulation is like crack cocaine.

[unfaithfulsfan]

I'm not for a ton of government regulation either but there are simply some industries that NEED regulating. The insurance industry is one of them. Again, speaking from my own stand point, I cannot get any kind of whole life insurance policy because I'm a diabetic. It doesn't matter that the next guy with a spotless bill of health is just as likely to die as I am but I'm just likely to die sooner than he is. I mean, c'mon. My wife deserves some benefits to cover my funeral expenses, too. So I'm stuck with term life with a company which may or may not be in business when I die or willing to pay when that happens.

Sorry, but I wasn't thinking about dying when I was 15 before I was diagnosed with Diabetes. I guess on my way to the Dr, I should have stopped and bought a policy. My fault.

Insurance companies have been raping us for years with no consequences. I'd like to see some government oversight but I know, too, that just opens a bunch of doors for corruption and kickbacks.

Damn, I hate Mondays.

Jack