tag:blogger.com,1999:blog-19555277.post7094565425150417825..comments2008-10-22T10:49:25.126-06:00Katharine Swanhttp://www.blogger.com/profile/16805523619692744514noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19555277.post-13524291623844175402008-10-22T10:49:00.000-06:002008-10-22T10:49:00.000-06:00Lori,<BR/><BR/>You have a good point about Joe the Plumber. They didn't really address the difference between the value or cost of a business and the income it generates per year -- at least, I don't remember anyone explaining it as clearly as you just did.<BR/><BR/>Perhaps you've found your calling -- political speeches and debate coaching! :o)Katharine Swanhttp://www.blogger.com/profile/16805523619692744514noreply@blogger.comtag:blogger.com,1999:blog-19555277.post-38696936383968722372008-10-22T06:09:00.000-06:002008-10-22T06:09:00.000-06:00Totally agree, Katharine. I've heard my Republican sister go on and on for years (though not recently, interestingly enough) about how George was the MAN because he was looking out for the small business owners. Uh, I don't know about you, but I have issues with those tax forms every single year. Last year I used Turbo Tax and guess what? Yep. One more "love letter" from the IRS adjusting my totals. How is that looking out for the small business owner?<BR/><BR/>I think the question Joe the Plumber posed was a good one. I think if he'd purchase that business, he'd see tax breaks on the purchase price (deduct the loan interest and any immediate losses, etc). Even if it's worth more than $250K, that doesn't mean he's earned that. It means he's acquired a business with that earning potential. Yet the McCain camp is jumping all over that saying Joe will lose his shirt. Even I, an admitted math moron, can figure this one out! LOLLorihttp://www.blogger.com/profile/18045985667596964511noreply@blogger.com