Contrary to a previous report, Joe the Plumber does not actually make over $250,000, and so under Barack Obama’s tax plan, would actually be the beneficiary of a tax cut. Here’s his reasoning for opposing Obama’s tax plan:
In fact, the plumber told Katie Couric last night that he’s actually in a bracket that would get a tax cut, not a tax hike, under Obama’s plan; but he hopes to move up.
Is Joe the Plumber making the argument that the prospect of a higher tax rate would disincentive making more money? I mean, I know he doesn’t always pay his taxes, but he does realize that you are taxed at marginal rates under the American tax code right?