Wouldn't that be fun to watch "Joe the Plumber" engaging in a serious debate with "Joe the Hedge Fund Manager" -- asking him questions like, "Why do the top 15 Hedge Fund Managers make an average of $870 Million a year".   "How is it that your net after tax income, Joe the HFM, is a cool $1.5 Million PER DAY!, or $ 565 Million per year and I'm still paying any taxes, at all?"  

I'll hope to add more to this later but for now, suffice it to say, while there are two Joe's in this story, only one of them is worrying about the level of his taxes and it ain't Joe the Hedge Fund Manager.   Joe the HFM realizes he's lucky to live in the US of A, to be able to pay this much in taxes, and he's proud of it (for the moment, until we finally see some serious regulations installed to help keep his clients from losing their shirts).  After all, if he weren't making money hand over fist, he might not owe any taxes at all and wouldn't that be a sad state of affairs.  

In a progressive taxation system, until taxes get over 50%, the more money you make the more you get to keep!  Usually, if you're paying more it's because means you're making more, sometimes, for Joe the HFM, it's a lot more. 

I think Joe the Plumber is really an Obama man at heart.

 

 

 

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Andrew Lietzow-MBA, GRI

Des Moines, IA

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RE/MAX Opportunities, Inc.

Address: 4725 Merle Hay Rd Ste 200, Des Moines, IA, 50322-1983

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