Republican Can't Afford New Taxes
Watch the video, and then I’ll break down the numbers.
John Fleming’s Subway and UPS franchises bring in about 6.3 million a year. Net income is $600,000, a rough profit of 10%. Great, awesome.
Here’s the good part, he has to “feed his family,” and $400,000 is left over. So if you do the math, he pays himself $200,000. The national median for household incomes in the U.S. is $44,389. So this guy is paying himself about 5x the national average.
He defends all this because he’s a “job creator.” Ok. So what. There’s still no excuse for the corporate pigs controlling Congress.
Update: He’s also paying his employees an awesome amount of money.