Saturday, October 18, 2008

Why we should care if Joe the Plumbers taxes go up. . . .

Lets talk about Joe the plumber, or Joe the lawyer, or Joe the doctor, or Joe the man who owns the alarm company, the hardware store, or the diner down the road.... Why should you care if Joe pays a lot more taxes under Obama's proposed tax plan?

Joe who owns his own business makes more than $250K a year and he has to pay more taxes under Obama's tax plan, a lot more taxes.

This is going to make him look around at ways he can save a little money. The first thing he might do is to decide he can survive without as many employees.... so he has to let one plumber go, thus saving not only the employee's salary but he will also enjoy paying less payroll taxes to the state and federal government.... and one family just lost their only income.

Because he pays more to the government, Joe cant spend as much discretionary as before- so he starts taking his lunch to work and no longer goes to the diner down the street for lunch each day. The diner owner has lost business revenue so he raises prices, eventually gets rid of one waitress and also pays less in payroll taxes.... and that waitress' family has lost her income.

Since money is tight, Joe's wife cant spend as much at Winn-Dixie or JC Pennys. Because both of these businesses have lost revenue, they raise their prices, and decide they don't need as many cashiers... so another person has lost a job.

Joe was tithing 10% of his income to his local church, but has now decreased that amount to only 5%. Because the church has lost that money, they cant afford to help the family who comes into their food pantry and asks for monthly groceries. That family has no choice but to look to the government for assistance.... thus increasing the money needed for the federal budget, thus increasing the money the government needs to collect from us through taxes.

Still think that Joe the plumber's tax rate is not your concern?

What about when you need a plumber... or a doctor... or a lawyer... or to shop at Winn-Dixie.... You'll now enjoy paying higher prices... all because Obama thinks that spreading Joe's wealth around is "good for the economy".

Instead of increasing taxes on Joe..... Lets look at McCain's proposed plan to decrease the taxes on Joe which would have the absolute opposite effect of Joe hiring more employees, paying more in payroll taxes, spending more to eat out and at the mall, allowing these business' to increase their employees and their payroll taxes and increase tithing to the local church so they are able to take better care of those needing assistance, taking some of the burden off the federal government and decreasing the amount of money the government needs to run on, thus decreasing your taxes.

That, in a nut shell, is why we should care if Joe the plumber pays more taxes.


one frugal lady said...

thanks for that! I could not have worded that better if I had to! I feel the same way as you, and I wish more people would stop and think about how much one thing can affect everyone as a whole! Keep up that great work! Love your blog!

GingerLouise Clothing said...

My life sounds scary (and funny) when you put it that way!
I like what your wrote here, my 12 year old is following the election in school I am going to let her read this and maybe bring it to school if that would be ok. It makes a lot of sense the way you put it.

AdoptedAsHisOwn said...

great post!!

Ted said...


The Berry's Patch said...

Hi Bobbie,

Thanks for the heads up on the peppermint cocoa. I did look at Walmart but in the cocoa/coffee area. I'll look again. I can have it every night for the entire winter.

Regarding your post, we have followed the low tax, no government plan for 8 years and we are now looking at another great depression. I'm ready for a something different. And although my husband and I own a small business and will pay higher taxes, we both agree that policy must change for our childrens future. I'm just saying I have a different view point. No hard feelings. :-)

Carey said...

Amen! Although I'm not sure it would work exactly that way, that's a great way to explain it. The people who make $250K plus tend to be those who create JOBS.

Correct me if I'm wrong, cuz I'm not 100% certain. But wasn't Hoover a socialist and he's the one who helped lead us into the Great Depression? Does anyone know of any socialist country that has ever had a strong economy?

Side note...since it really isn't or government's job to totally provide for no matter how you look at it they aren't good at it. A free market economy can't be controlled IMHO. So when you try to mess with just gets messed up. IMHO.

Stacey said...

Oh boy. I have to track down my husband and come back to this. He will be bowing at your feet!!

Mrs.Naz@BecomingMe said...

Excellent, excellent post! Well written. Thank you

gina said...

You go girl! I just had a conversation with a friend of mine on this subject and I wish I could of said it they way you did. I hope he votes the "RIGHT" way on Nov. 4th.