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Old 01-13-2003, 10:24 AM   #8
Timber Loftis
40th Level Warrior
 

Join Date: July 11, 2002
Location: Chicago, IL
Posts: 11,916
What this story misses is that the 10th man:
Has $5 worth of coupons a buddy passed him;
Started a "Lunch Buddy" meal company and will claim everything as a business expense, thereby avoiding upwards of 50% of what he does pay;
Bought stock in the restaurant and is actually getting a % of the profits off the meal;
Depreciates the dinnerware over an amortized period;
Has a big-spender discount with the restaurant, which gives him grants to bring in guys # 1-9; and
Owns the bank holding the mortgages on guys # 4-7, employs guys # 1-3, and plays golf on Fridays with # 8-9 while # 1-7 are working, and # 8 and 9 are into him for 6 dinners apiece.

So, who really pays - the restaurant, that's who. Take away tax credits, tax shelters, credit floors, credit ceilings, deductions, depreciations, etc. and I'll support your argument. I simply know and work for too many # 10s to believe the BS that they *truly pay* their share. Hogwash.
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