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Congressman Whines That He Only Has $400K Left Over At Year’s End [VIDEO]

2:25 pm, September 19th | by Hillary Reinsberg


A Republican congressman from Louisiana may have just isolated some of his constituency. John Fleming, you see, owns some Subway and UPS franchises — businesses that bring in $6 million a year. But by the time he pays employees, and invests in new equipment, he makes “just a fraction of that.” Aww.

Fleming appeared on MSNBC to speak in opposition of tax hikes on the rich imposed by President Obama, but the personal example he used to combat the tax didn’t go over too well with his host. He explained that, when’s finished paying employees and growing his business, he complained that he’s left with a meager $600,000 a year — which is further diminished by the time he puts food on the table.

“By the time I feed my family, I have maybe $400,000 left,” he explained. Um, who are you feeding? Unless “feeding your family” is a euphemism for something else, that’s nearly $17,000 spent on food.

His MSNBC host fired back with what we have to imagine everyone was thinking: “You do understand, congressman, that the average person out there, who’s making 40,50, 60,000 dollars a year…when they hear that you only have $400,000 left over…it’s not exactly a sympathetic position.”

“Class warfare has never created a job,” Fleming replied.

Well then.

[via Political Wire]

TAGS: | |

  • Yfoster129

    WONDER HOW MUCH HIS SUBWAY AND UPS EMPLOYEES HAVE LEFT EVER YEAR FROM THE “FORTUNE” HE PAYS THEM?

  • http://pulse.yahoo.com/_B4YUCYIRTVAAXDBN4GFDC4E6LQ pdc

    I just started my own business this year….One cool trick I learned is that I can now write off many of my expenses such as investments that I make back into the company.  So my question is, what type of business owner uses his taxable income to invest in a business? Why not take the revenue of the company ans spend it on tax deductible investments thereby allowing  you to reap those returns at the end of the year, quarterly, however you file…? I mean it just doesnt seem logical for me to go out and purchase new monitors with my personal income just so I can turn around and have my business cut me a reimbursement check while at the same time, I could have used my company funds and then just written that off at the end of the year.  For those of you that want to get nitty gritty on all the write off rules….pretend im leasing it as you can write off almost all operating expenses.

  • guest

    Why would having 400,000 dollars left over at the end of the year which he would use to create more jobs be a bad thing?

  • guest

    How jobs would he create if he had $388,000 left at the end of the year?  That’s what he’d have if he paid an extra 3% on $400,000 = $12,000.

    Using his calculations, that’s about what he’s paying one employee for the year. 

    And, if it takes $200,000 per year to feed Fleming’s family of 6 adults, what do you suppose that $12,000/yr employee and his family are eating & where are they sleeping? 

  • Joeblow

    One place read 6M profit and here it says revenue.  There is a big difference.  And it never states anywhwere how much he actually pays in taxes either.  More slave wage labor being generated in the old South.

  • guest

    But, since taxes are on marginal dollars, he’d only pay the extra 3% on $150,000.  The rate on the first $250,000 wouldn’t change.  So, he’d really only pay an extra $4500.  He would only have to lay off one part-time employee to make that up!

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  • Misterchalmette

    ok let see i am  from  Louisiana  and  also a  Republican  and i am  not rich i get by and you sir are the biggest asshole  i have  ever seen as a Republican you all never listen to WE    THE   PEOPLE!!!!! 

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