Joe’s newfound fame stems from an impromptu encounter Oct. 12, during which Wurzelbacher questioned Obama’s tax plans. Joe has since become a conservative folk hero after telling both Fox News and the conservative Web site Family Security Matters that he thought Obama’s plans sounded “socialist.”
At their encounter, Wurzelbacher told Obama that “I’m getting ready to buy a company that makes 250 to 280 thousand dollars a year,” before asking whether or not Obama would raise his taxes.
If the company is actually that profitable, and depending on how the business is organized legally, Obama’s plan would indeed raise his federal income taxes, and Obama conceded as much during the exchange. As we’ve written before, small businesses commonly are organized in such a way that their owners file business taxes as individuals. So if Joe’s plumbing business earns more than $200,000 per year (or $250,000 if Joe is married and files tax returns jointly) then his taxes would indeed be higher under Obama's plan than under McCain's.
It’s worth noting that while Wurzelbacher told Fox News’ Neil Cavuto that he lives “in a simple, middle class home” and portrayed himself as an ordinary working guy, Wurzelbacher’s $250,000 to $280,000 is a bit higher than "ordinary." In 2007, the last year for which the Census Bureau has figures, the median income for a family in Toledo, Ohio, was $43,553.
Are you OK? Easy now... what do you want me to have, you made a funny comment, I laughed, that's all.
Who cares anyway, Joe the Plumber isn't even a plumber. Joe the Plumber isn't going to buy a Plumbing business. Jeez.......... don't this belong in the Joe the politician thread?