mr mahs Posted April 15 Report Share Posted April 15 This is for people especially liberals and socialist (that's you Sassa) who think the rich are the only ones making out...fromW. Plan*******************************Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: -The first four men (the poorest) would pay nothing -The fifth would pay $1 -The sixth would pay $3 -The seventh $7 -The eighth $12 -The ninth $18 -The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." So now dinner for the ten only cost $80. The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still eat for free. But what about the other six, the paying customers? How could they divvy up the $20 windfall so that everyone would get his "fair share?" The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being "paid" to eat their meal. So the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so: -The fifth man, like the first four, now paid nothing (100% savings) -The sixth now paid $2 instead of $3 (33% savings) -The seventh now paid $5 instead of $7 (28% savings) -The eighth now paid $9 instead of $12 (25% savings) -The ninth now paid $14 instead of $18 (22% savings) -The tenth now paid $49 instead $59 (16% savings) Each of the six was better off than before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth. "But he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than me!" "That's true!" shouted the seventh man. "Why should he get $10 back when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There are lots of good restaurants in Europe and the Caribbean. ********************************************So, once again. How is it that the overburdened, overtaxed supposed rich are benefiting again? To be Prepared for war, is one of the most effectual means of preserving peace-- George WashingtonHomeland Support Teamhttp://www.homelandteam.com/index.php Quote Link to comment Share on other sites More sharing options...
siceone Posted April 15 Report Share Posted April 15 amen to that Quote Link to comment Share on other sites More sharing options...
crobra Posted April 15 Report Share Posted April 15 It's nice story, but it really over simplfies the issue. Half of the tax cuts are to come from the elimination of taxes on corporate dividends, and there more statistics to be looked at. I'm not saying that I am against a tax cut, but I think the story is just that, a story. Quote Link to comment Share on other sites More sharing options...
mr mahs Posted April 15 Author Report Share Posted April 15 Originally posted by crobra It's nice story, but it really over simplfies the issue. Half of the tax cuts are to come from the elimination of taxes on corporate dividends, and there more statistics to be looked at. I'm not saying that I am against a tax cut, but I think the story is just that, a story. The story only simplifies the tax cut for individuals not the corporate dividend tax cut.. Quote Link to comment Share on other sites More sharing options...
starvingartist Posted April 15 Report Share Posted April 15 Ive read that before its quite humorous. Quote Link to comment Share on other sites More sharing options...
siceone Posted April 15 Report Share Posted April 15 Originally posted by starvingartist Ive read that before its quite humorous. Mmmmm perfection speaks :tounge: Quote Link to comment Share on other sites More sharing options...
bigpoppanils Posted April 15 Report Share Posted April 15 the story leaves out that the first 4 men no longer have health coverage and lost their housing assistance due to the social benefits that were cut to pay for the tax cut Quote Link to comment Share on other sites More sharing options...
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