Bankrupting Joe the Taxpayer With No One to Bail Him Out

Move Over “Joe The Plumber” … There’s a New Joe in Town

– Sit up and take notice! Your tax dollars are NOT working for you!

-Have you actually looked at your paycheck or utility bill lately?

Where has ‘Joe the Plumber’ gone? Barely one year ago he was all the rage as Republicans pointed to him as a way to criticize now-President Obama’s tax plan and wealth-sharing arguments. In his new book, Bankrupting Joe the Taxpayer With No One to Bail Him Out, D. J. Golio says go ahead and forget the plumber, there’s a new Joe in town and he’s more important now than ever before.

Do terms like pork-barrel spending, disposable income or alternate minimum tax make your eyes glaze over? In Bankrupting Joe the Taxpayer, Golio has written a tax book for the lay person. In a concise, easy to understand format, Golio explains just where your tax dollars are going and why you should be worried!

Using a standard telephone bill as an example, Golio shows the multiple layers of tax we pay in a variety of ways to the federal, state and local governments. The cumulative effect of excessive taxation and spending will first lead to the bankruptcy of taxpaying citizens, followed by state bankruptcy and ultimately bankruptcy of the United States government.

Truly understanding taxation is the first step. A total reformation of government taxes is the goal. Filled with easy to understand examples of multi-layer taxation as well as alternatives to increased taxation, Golio explains:

  • How taxation increasingly eats away at our hard earned money
  • Abusive spending patterns by the government
  • Why taxes go up each and every year
  • How reduction of services may be a good thing
  • How illegal immigrants are draining our pocketbooks
  • The differences between health care, health coverage and medical care and why it matters

    “Bankrupting Joe the Taxpayer is a primer that starts the education process for all taxpayers,” says Golio, “This can lead to badly needed reforms at the federal, state and local levels of government. Only by understanding the tax process can we make our elected officials accountable for their actions.”

    About the author:

    D. J. Golio earned an undergraduate degree in accounting, an MBA in taxation and is a CPA in the state of New York. He is a member of the American Institute of Certified Public Accountants and the NY State Society of Certified Public Accountants. He served as an Adjunct Assistant Professor in the Pace University Department of Accounting and Finance for ten years. Golio has been married to his wife Aggie for over 38 years and currently resides outside New York City.


    Bankrupting Joe the Taxpayer With No One to Bail Him Out is available on,, and