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#1
posted to rec.boats
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For you tax wizards...
Suppose that every day, ten men go out for beer and 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 would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar 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 beer by $20.'Drinks for the ten now cost just $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 drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They 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 drink his beer. So, the bar 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 pay $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 of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink 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 man,' 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 as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? 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 man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v |
#2
posted to rec.boats
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For you tax wizards...
On Sat, 08 May 2010 21:11:11 -0400, John H
wrote: The nine men surrounded the tenth man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. oh brother...cry me a river for the rich. what you guys forget is that of the $100, the rich guy gets 80 this year, 85 the year after, 90 the year after that.... the other guys get zip but still have to buy the drinks and spare me the risk of bitching about the rich. they just screwed our economy like they were priests and the middle class was an altar boy. |
#3
posted to rec.boats
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For you tax wizards...
On Sat, 08 May 2010 21:11:11 -0400, John H
wrote: In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. In fact, overseas, not paying taxes has become a finely honed tradition, especially for the very wealthy. Look where Greece has ended up. |
#4
posted to rec.boats
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For you tax wizards...
"John H" wrote in message
... Suppose that every day, ten men go out for beer and 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 would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar 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 beer by $20.'Drinks for the ten now cost just $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 drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They 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 drink his beer. So, the bar 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 pay $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 of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink 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 man,' 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 as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? 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 man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v You would be among the four that don't pay. I'm certain of it. So, why do you care? |
#5
posted to rec.boats
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For you tax wizards...
On 08/05/2010 7:11 PM, John H wrote:
Suppose that every day, ten men go out for beer and 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 would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar 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 beer by $20.'Drinks for the ten now cost just $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 drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They 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 drink his beer. So, the bar 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 pay $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 of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink 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 man,' 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 as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? 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 man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v And true. That is why business are not starting up hiring, and why many are a leaving. Finally got too much to be worthwhile. Too much rish and no gain, or as in many cases, too much losses to continue. But this story will be far over the heads of our liberal weasels. They do not have the cranial capacity to understand it. Good post. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#6
posted to rec.boats
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For you tax wizards...
On 08/05/2010 7:14 PM, bpuharic wrote:
On Sat, 08 May 2010 21:11:11 -0400, John wrote: The nine men surrounded the tenth man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. oh brother...cry me a river for the rich. what you guys forget is that of the $100, the rich guy gets 80 this year, 85 the year after, 90 the year after that.... the other guys get zip but still have to buy the drinks and spare me the risk of bitching about the rich. they just screwed our economy like they were priests and the middle class was an altar boy. We know you and de-fumer would be the cheap skates. So quit your bitching. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#7
posted to rec.boats
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For you tax wizards...
On 08/05/2010 7:27 PM, A.Boater wrote:
If the 2 richest guys were in the 91% bracket, like they were when you were born, there probably wouldn't be a problem. Your economist isn't any better at drama that he is at economics. I can say this is true from personal experience. Going out for beers (and meals) and listening to excuses, envy, embitterment, self pitty from screwups then getting stuck with the bill happened to me once too many. So I changed my friends, making sure they were not into self pity, loser mentality, sub-life slugs and now enjoy it much more. Can't soar with the eagles when sitting at the bottom getting blood sucked. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#8
posted to rec.boats
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For you tax wizards...
On 08/05/2010 7:33 PM, nom=de=plume wrote:
"John wrote in message ... Suppose that every day, ten men go out for beer and 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 would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men drank in the bar 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 beer by $20.'Drinks for the ten now cost just $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 drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his 'fair share?' They 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 drink his beer. So, the bar 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 pay $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 of $59 (16% savings). Each of the six was better off than before. And the first four continued to drink 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 man,' 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 as much as I!' 'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? 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 man and beat him up. The next night the tenth man didn't show up for drinks, so the nine sat down and had beers 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 anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D. Professor of Economics University of Georgia For those who understand, no explanation is needed. For those who do not understand, no explanation is possible. -- John H For a great time, go here first... http://tinyurl.com/ygqxs5v You would be among the four that don't pay. I'm certain of it. So, why do you care? First person I though of at being at the botton welshers was you and pbuharic arguing about who was the most destitute of the two. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
#9
posted to rec.boats
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For you tax wizards...
On Sat, 08 May 2010 21:42:24 -0600, Canuck57
wrote: On 08/05/2010 7:14 PM, bpuharic wrote: On Sat, 08 May 2010 21:11:11 -0400, John wrote: oh brother...cry me a river for the rich. what you guys forget is that of the $100, the rich guy gets 80 this year, 85 the year after, 90 the year after that.... the other guys get zip but still have to buy the drinks and spare me the risk of bitching about the rich. they just screwed our economy like they were priests and the middle class was an altar boy. We know you and de-fumer would be the cheap skates. So quit your bitching. that's true. that's why liberals balance the budget and right wingers are socialists who spend the money of hard working people on the rich |
#10
posted to rec.boats
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For you tax wizards...
On Sat, 08 May 2010 21:46:48 -0600, Canuck57
wrote: On 08/05/2010 7:27 PM, A.Boater wrote: If the 2 richest guys were in the 91% bracket, like they were when you were born, there probably wouldn't be a problem. Your economist isn't any better at drama that he is at economics. I can say this is true from personal experience. Going out for beers (and meals) and listening to excuses, envy, embitterment, self pitty from screwups to the right wing, 100,000,000 hard working americans are 'screw ups'. |
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