07-03-2001, 07:47 PM | #1 |
Ninja Storm Shadow
Join Date: March 27, 2001
Location: Northport,Alabama, USA
Age: 62
Posts: 3,577
|
Food for thought on the new tax laws: I think this summed it up nicely: If you think the Bush tax cut plan is unfair, read this rebuttal
that appeared in the Sunday, March 4 Chicago Tribune. By the way, the ratios are roughly accurate; 10% of the taxpayers pay about 60% of the taxes collected, 30% pay 37%, and 60% collectively pay only 4%. Every night, 10 men met at a restaurant for dinner. At the end of the meal, the bill would arrive; they owed $100 for the food that they shared. Every night they lined up in the same order at the cash register to pay the bill. The first four men paid nothing at all. The fifth, grumbling about the unfairness of the situation, paid $1. The sixth man, feeling a little put out, paid $3. The next three men paid $7, $12 and $18, respectively. The last man was required to pay the remaining balance, $59; he realized he was paying for not only his own meal but the unpaid balance left by the first five men. The 10 men were quite settled into their routine when the restaurant threw them into chaos by announcing that it was cutting its prices. Now dinner for the 10 men would only cost $80. This clearly would not affect the first four men; they still ate for free. The fifth man announced he would now pay nothing either. The sixth man lowered his contribution by 1/3, and paid only $2. The seventh man deducted $2 from his usual payment and paid only $5. The eighth man paid $9 instead of his usual $12. The ninth man paid $12, $6 less than before. This left the last man with a bill of $52. Outside of the restaurant, the men began to compare their savings, and angry outbursts began to erupt. The sixth man yelled: "I got only $1 out of the $20 in cost reduction, and he got $7," pointing at the last man. The fifth man joined in: "Yeah! I only saved $1 too. It is unfair that he got seven times more than me." The seventh man cried, "Why should he get a reduction of $7 when I only got $2?" The nine men formed an outraged mob, (this is where the Democratic Party aggravates everyone about the unfairness) surrounding the 10th man. The first four men followed the lead of the others: "Even though we weren't paying anything in the first place, we didn't get any of the $20 reduction in cost; where is our share?" The nine angry men then carried the 10th man up to the top of a hill and lynched him. The next night, the nine remaining men met at the restaurant for dinner. But when the bill came, there was no one to pay it. ------------------ "the memories of a man in his old age, are deeds of a man in his prime" |
07-03-2001, 08:17 PM | #2 |
Thoth - Egyptian God of Wisdom
Join Date: March 12, 2001
Location: Birmingham, West Mid\'s, England
Age: 87
Posts: 2,859
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Even tax officials don't understand taxes. But I LOVE the illustration! Very apt!
------------------ [This message has been edited by Fljotsdale (edited 07-03-2001).] |
07-03-2001, 08:20 PM | #3 |
Silver Dragon
Join Date: March 4, 2001
Location: Knoxville, TN USA
Age: 61
Posts: 1,641
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Taxes were designed to help two groups of people. Accountants and Lawyers, or in laymens terms; Geeks and (as John D so elliquaitly called his youngest's boyfriend in another thread) Pond Scum.
------------------ Sir Taliesin If they take my gun can I still use my Axe? |
07-04-2001, 10:00 AM | #4 |
Elminster
Join Date: April 28, 2001
Location: Virginia Beach, Virginia, USA
Posts: 490
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I love that analogy. It is dead on. I shake my head everytime someone comments that the check on the way to them is "only" $300 or $600. First of all, that is a refund for what extra money was paid in the first half of the year alone. The tax rate has been cut and people will save that much or more over the rest of the year. Secondly, the guy who pays only a small amount in taxes gets back the same amount as a guy who pays a lot. Yet again the democrats are trying to ruin a good thing.
------------------ Gaelic |
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