Joe the Plumber - raking in the big bucks or getting fucked?
Posted: Fri Oct 17, 2008 3:38 pm
Another classic example of the American public and the fucking politicians not understanding how small business works...Barak assumes since the company Joe is buying makes $ 250,00 a year, that's all free and clear and available for TAXATION..what a fucking crock of shit..
$ 250,000 Gross Sales
$ 7,500 OMUSLIMS SMALL BUSINESS TAX of additional 3% above the current rate...
$ 60,000 for journeyman plumber
$ 25,000 for plumbers helper
$ 9,000 for 2 vehicles
$ 2,400 min for commercial vehicle insurance
$ 6,000 for fuel
$ 2,400 for liability insurance
$ 5,500 for payroll taxes
$ 6,000 for shop rent
$ 2,500 for legal and accounting services
$ 80,000 for materials min..maybe more
Total Business expenses of $ 203,800
Taxable income to Joe of $ 46,200 or about $ 23.00 per hour. Let's rip Joe for 15% in Federal income tax of $ 6,930, so hes gets $ 39,070 take home. Take another 4% if you live in the Socialist Republic of Oregon.. Wow...fucking making huge bank here..business owner, working in the field himself as well, ...wait did we forget something.??
Health care costs ? Note here also, that NO provision is made for Joes health care or his employees health care ..
Return on investment ?
Joe has either invested in cash, making payments on, or contracted to pay at least:
$ 30,000 in vehicles
$ 80,000 in materials
$ 6,000 in shop rent contract
$ 116,000 that he deserves a return on 8% or $ 9,280 per year..but wait there is no way under this scenario he is going to get that...so Joe has some choices to make....
1. Continue on in small business and end up making no return on investment, have the risk and liability and pull down a
salary of $ 46,000 per year, with all the headaches...and continue to pay these stupid fucking taxes...
2. Say fuck it all..close the shop, sell the trucks, lay off the 2 employees...get a job working for another plumbing
company, and go hunting and fishing on the weekends ....and make MORE with no risk or downside....
But the problem is the other plumbing company closed its doors as well, and Joe won't get to make journey man wages, so he has to drive a truck and make what he was running his company, or less....that is helping them out OMuslim...
Bend over American small business...Baraks got his black cock in his hand and is just waiting to jam it up your ass..but he is going to help you in other ways...
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$ 250,000 Gross Sales
$ 7,500 OMUSLIMS SMALL BUSINESS TAX of additional 3% above the current rate...
$ 60,000 for journeyman plumber
$ 25,000 for plumbers helper
$ 9,000 for 2 vehicles
$ 2,400 min for commercial vehicle insurance
$ 6,000 for fuel
$ 2,400 for liability insurance
$ 5,500 for payroll taxes
$ 6,000 for shop rent
$ 2,500 for legal and accounting services
$ 80,000 for materials min..maybe more
Total Business expenses of $ 203,800
Taxable income to Joe of $ 46,200 or about $ 23.00 per hour. Let's rip Joe for 15% in Federal income tax of $ 6,930, so hes gets $ 39,070 take home. Take another 4% if you live in the Socialist Republic of Oregon.. Wow...fucking making huge bank here..business owner, working in the field himself as well, ...wait did we forget something.??
Health care costs ? Note here also, that NO provision is made for Joes health care or his employees health care ..
Return on investment ?
Joe has either invested in cash, making payments on, or contracted to pay at least:
$ 30,000 in vehicles
$ 80,000 in materials
$ 6,000 in shop rent contract
$ 116,000 that he deserves a return on 8% or $ 9,280 per year..but wait there is no way under this scenario he is going to get that...so Joe has some choices to make....
1. Continue on in small business and end up making no return on investment, have the risk and liability and pull down a
salary of $ 46,000 per year, with all the headaches...and continue to pay these stupid fucking taxes...
2. Say fuck it all..close the shop, sell the trucks, lay off the 2 employees...get a job working for another plumbing
company, and go hunting and fishing on the weekends ....and make MORE with no risk or downside....
But the problem is the other plumbing company closed its doors as well, and Joe won't get to make journey man wages, so he has to drive a truck and make what he was running his company, or less....that is helping them out OMuslim...
Bend over American small business...Baraks got his black cock in his hand and is just waiting to jam it up your ass..but he is going to help you in other ways...
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