Vote Joe the Plumber '08 -- No More Drips in the White House

Oct 16, 2008 16:46

For those of you who saw the debate last night, and McCain's endless references to Joe the Plumber, read this.

politics

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theresamather October 17 2008, 00:13:47 UTC
There seemed to be much confusion on the difference between "gross" and "net" during this whole Joe the Plumber thing...

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tg2k October 17 2008, 00:54:37 UTC
That was exactly my thinking the whole time. McCain has been playing dumb as hell but generally you only get taxed on your net, and a net of 250K is really big, but a gross of 250K is nothing for a small business. It's when you take into account payroll that your net drops to much less than the gross...although I really don't know how the business vs. personal taxes work at all...

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