How much is "Joe the Plumbers" plumbing company valued at?

Question

So if one licensed plumber and one unlicensed one, can make $280K profit, pay the unlicensed guy $60k, and say another 60k for the owner.

280 k plus 120k is $400K after expenses except salaries.

So  what would a qualified plumber or anyone pay for this cash flow?

I would venture the business would be worth at least $2 Million to another plumber (licensed) working for someone else.

And Joe's taxes would go up a lousy $900 a year, but medical insurance would be cheaper.

Seams like the taxes would be a minor issue compared to other things.

But what would be paid for this business,and can Joe the plumber afford to buy it?

Anonymous · Accepted Answer

I think all joe's assumptions are fairy tells or he was planted to do his job by Republican party. 

Paying for military is not wealth redistribution, If you don't pay it now, Your kids and grand kid will be paying for it.

Michael S · Answer

Thank you for making this point so clearly, but you're missing one important fact:

Obama's proposed tax increase only applies to individuals making $250,000/year or more.  If Joe and the owner are each receiving a $60K salary from the business, the fact that the business as a whole has $280K of profit is irrelevant to any potential tax increases.

TruthSeeker · Answer

None of that matters and misses the point. Wealth redistribution is WRONG and goes against the very principles of a capitalistic society.

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How much is "Joe the Plumbers" plumbing company valued at?

3 Answers