A political note:

[pyat]

Joe "The Plumber" Wurzelbacher sounds like a jackass.

Mr Wurzelbacher said Mr Obama's plan to raise taxes to redistribute money was "kind of a socialist viewpoint".

"Robin Hood stole from greedy rich people and redistributed it to the peasants, so to speak, so if he's calling us peasants, I kind of resent that," he said."

He's worried that Obama would tax his prospective business to the tune of 39% instead of the current 36%. So, shouldn't he see himself as one of the "greedy rich people" Robin had to steal from?

Comments

[zorinlynx.livejournal.com]

I agree.

And what the GOP can't figure out, or more likely doesn't WANT you to figure out, is that the $250,000 figure applies to *PROFIT*, not income off the top.

Business expenses are *TAX DEDUCTIBLE*. You pay $0 tax on business income used to pay expenses. Only *PROFIT* is taxed.

And any business making a profit of more than $250K a year can afford to contribute a little more to the system. It's only 3% more, only on profits, and these people are acting like it's going to bankrupt them.

But right now the GOP will make any argument they can. They are desperate, cornered, and hopefully, will be out of power come next year.

[viktor-haag.livejournal.com]

I agree. It's almost hilarious if it weren't so baldly rhetorically scary.

Dem: "The overwhelming majority of the middle class will have their taxes lowered."

Rep: "But you're going to raise taxes for the middle class!"

Dem: "95% of the middle class will have their taxes lowered."

Rep: "You, out there, my friend! You're in the middle class, right? The Dems want to increase taxes!"

Dem: ::sigh::

[bodhifox.livejournal.com]

When the minimum wage was first established, the argument was that it would destroy business.