Well, as usual the truth is a bit more complicated. I turns out that Joe is not really a plumber, at least he's not licensed, trained, or registered as one. In fact, the Plumber's Union has attacked him for claiming their profession as his own.
"When you have guys going out there with no training whatsoever, it’s a little disreputable to start with," Mr. Joseph said. "We’re the real Joe the Plumber." (source)
Now it turns out that Joe makes about $40,000 a year and the business he was talking about makes less than $250k and therefore he and his business would receive tax breaks, not hikes, under Obama's plan. He has no specific plans to buy the business he spoke of, this was just a hypothetical case. He does, however, owe about $1,183 in back property taxes! Ah well. You can read all about in in the New York Times...
-t
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