Obama and Biden have been quick to point out not many plumbers make 250 K a year
Chances are the closest the average American has come to retaining a plumber is a bottle of Liquid Plumber . Has anyone asked OBAMA just who does make this kind of annual income in America ?However most of us do go to the Doctor once a year .Most of us see the Dentist twice a year.
Let's examine a typical small dental practice and how it will be impacted by the redistribution of wealth
Lets take a typical partnership of 2 dentist in a general family type practice . The practice would have 2 Hygienist and 1 assistant for each Dentist. 1 office manager and 3 employees for the front office . A total of 12 employees, most would agree that fits the definition of a “small business “ .This business model could easily generate 1.5 million per year in revenue , while only working 4 days per week .
So how much profit would “ Joe the Dentist “ earn ? This example of a small business would reward each Dentist with 400K a year in salary and a company vehicle .Safe to say the spouses would draw a paycheck and a company vehicle also .We have 2 partner's making well over OBAMA 'S 250K ceiling . OBAMA mentioned 200K recently and Biden has mentioned 150K . No one really knows where it will stop 42K perhaps ?Much about this new plan to TAX the successful individuals in our country is a mystery . Already “ Joe the Dentist “ has lost 10% due to the bump in the new tax plan .Could the practice increase its fee schedule by 10% .If this happens the insurance company will not pay the difference . The patient would be billed for this increase . Already OBAMA'S plan has already charged the American public 10% more for their individual health care . It goes with out saying IF OBAMA is elected , in short order we will be informed that the revenues are insufficient and we need to raise taxes . Maybe the new tax rate will be 42% or 45% . At 35% the 400 K is NOW 260K net .39% produces a net of 244K . 42% rate would yield 232K. Of course “ Joe the Dentist “ could pay his spouse more and perhaps offset this increase . Just a hunch but I think OBAMA has already factored that in , besides the Corporation is making more than 250K any way . “ Joe the Dentist “is smart and will simply DECREASE the amount of patients he will provide Health care to .
Using the 42% example If “ Joe the Dentist “decides to only work 3 days per week, he will dismiss 25% of the patients . Working 3 days per week he now nets 174K vs 232 K for working 4 days per week . Consider this at 42% and he may he decides to whittle the practice down so he only makes 249K per year .At 42% he would now net 162K vs 174K . The practice has now released 38% of the patients and “ Joe the Dentist “only works 2 LONG days per week. The rest of the staff 's pay is cut in HALF. What criteria would determine which patients are dismissed. Likely it would be determined by the strength of the patient's insurance plan . Now th OBAMA plan has facilitated 38% of Americans that do not have a doctor and of course the tax revenues are declining .The cure ? Of course we raise the tax rate to 45% or beyond, which only makes “ Joe the Dentist “ make further cuts and increase the number of Americans with out a doctor. America will now be in a downward spiral to the European “ socialized medicine “ model . Now you have some sort of insurance but can't use it because it is not as lucrative as the BLUE CROSS or other major insurance providers . OBAMA opens up “ clinics” where you go to let the young doctor who couldn't afford medical school and attended medical school on the “ NEW INTERN “ plan. In exchange for his years of medical shool he must work for the government clinic for 6 years for a small salary or NO salary . Suddenly the “ DOC IN THE BOX “ model seems like great health care model . How about the Lawyers ?same situation . All of a sudden the lawyer decides he will take the 3 or 4 clients that have been with his practice for a longtime .These clients are set up on a yearly retainer that totals an amazing 249K . The lawyer cuts most of his staff , leaving only a receptionist and maybe a paralegal or 2 . The lawyer is no enjoying his days at the beach with “ Joe the Dentist “ because they both cashed out of the stock market positions and decided they would rather play golf than work long hours for little play . Yes the 250K ceiling applies to all the lawyers and doctors you know . The long term employees of these corporations will be without a job and their job skill is no longer in demand. These hardworking “ Joe the Dentist “ and “ Joe the Lawyer “ also have much of their wealth tied up in the stock market ..expect them to exit the day after the election if OBAMA wins . Don't forget when the BUSH tax cuts expire and these 42% tax rates examples will seem like “ the good ole days “ this example can be used to examine many of the business's that you encounter in your every day life . Is EXXON going to lose $$ ? No they will pass the increase on to the consumer . WAL MART ? Oh yeah when the OBAMA regime mandates they provide health care for every employee the price will be passed onto the consumer . Subway ? Domino's? They will all vanish and OBAMA'S Intern / PEACE CORP will now provide these goods and services .SOME may get 500- 1000 back under this new tax plan but you will spend 10 times that amount on increased costs of goods and services , many that you cant live with out .
HAIL OBAMA !! VIVA LA OBAMA !!
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