McCain's last standFollow

Small businesses are not required to participate...they only receive a tax incentive to do so (they can be credited up to 50% of the cost of the premiums to their employees). Unless I'm missing something, I don't see why "Joe the Plumber" would be fined for anything.

Nexa

<== I came across the image on another site and then took my limited photo cropping skills to make my new avatar.

Under Obama's proposal, Wurzelbacher would face about $900 more in taxes if he netted $280,000 of income from his new business and had to pay an extra 3 percentage points on the amount over $195,851, said Gerald Prante, a senior economist at the Tax Foundation, a Washington research group that is examining both candidates' plans.

``His average tax burden, the final bill he pays to the IRS isn't going to go up much if he's just making $280,000 a year,'' Prante said. He would face higher marginal tax costs to expand the business beyond that, he said.

Not Taxable Income

It's far more likely that the $280,000 Wurzelbacher told Obama he'd earn would be in the form of gross receipts and not taxable income, said Steven Bankler, a certified public accountant in San Antonio, who counts plumbers and other trade professionals as his clients.

By the time Wurzelbacher took proper business deductions, Bankler said, he'd be left with between $150,000 and $200,000 in taxable income and wouldn't be affected by Obama's proposed increase in the top rates.

Wurzelbacher might eventually have to pay more employment taxes under Obama's plan to impose a rate of between 2 percent and 4 percent on wages over $250,000, Bankler said, but Obama has said that change wouldn't take effect for a decade.

Sut seriously? i never heard crap like that back in Mass. It would be unheard of

Punk,

Actually Obama is saying that none of his policies will take effect until 2yrs after what he believes to be his second term.