Taxes.......

[NEWKID 27,676]

Gents,

 

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 ball.
"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 men would now cost just £.
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 realised 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 a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.
And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid £2 instead of £3 (33% saving).
The seventh now paid £5 instead of £7 (28% saving).
The eighth now paid £9 instead of £12 (25% saving).
The ninth now paid £14 instead of £18 (22% saving).
The tenth now paid £49 instead of £59 (16% saving).
Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.
"I only got a pound out of the £20 saving," 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 pound too. It's unfair that he got ten times more benefit 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. This new tax 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 drinks, so the nine sat down and had their 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 government ministers, is how our tax system works.
The people who already pay the highest taxes will naturally 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.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.

[j j m 6,564]

you lost me

[General lee 979]

I think he's saying he's rich don't take his money haha

[jacknife 2,005]

Always thought the tax system should be the same for everyone

 

We all should pay the same % of our earnings

[pepper 45 55]

that was good lol

[northern lad 2,292]

Would by any chance David R.Kamerschen PhD Professor of Economics be a high earner.....is somebody unhappy with their tax bill Kev

[unlacedgecko 1,467]

Would by any chance David R.Kamerschen PhD Professor of Economics be a high earner.....is somebody unhappy with their tax bill Kev

He's not the only one. I'm pretty unhappy with mine. Fortunately my accountant said I could save money by buying a new car, so I'm off to the Merc showroom later...

[NEWKID 27,676]

I think he's saying he's rich don't take his money haha

 

Far from it mate, work hard always have as has all my family, pay my taxes....... it's a shame that we've needed the NHS so badly in the last few years and it's been crap!

[NEWKID 27,676]

Always thought the tax system should be the same for everyone

 

We all should pay the same % of our earnings

 

And perhaps give a little less to those who can't be assed to earn

[walshie 2,804]

Very good,

 

But Kev IS the richest person I know.

[NEWKID 27,676]

Would by any chance David R.Kamerschen PhD Professor of Economics be a high earner.....is somebody unhappy with their tax bill Kev

 

I'm always unhappy with my tax bill Dave... lol

[NEWKID 27,676]

Very good,

 

But Kev IS the richest person I know.

 

joking aint ya... I'm a scabby roofer

[jacknife 2,005]

 

 

Would by any chance David R.Kamerschen PhD Professor of Economics be a high earner.....is somebody unhappy with their tax bill Kev

I'm always unhappy with my tax bill Dave... lol

It really pissed me off when my accountant tell me how much tax I have to pay

 

I begrudge even 1 penny going to the likes of those on Benefit street

[Truther 1,579]

Classic "trickle down theory" and people swallow it, and its not working, its a major failure.

 

https://politicaldispatch.wordpress.com/tag/trickle-down-theory/

[unlacedgecko 1,467]

 

 

 

Would by any chance David R.Kamerschen PhD Professor of Economics be a high earner.....is somebody unhappy with their tax bill Kev

I'm always unhappy with my tax bill Dave... lol

It really pissed me off when my accountant tell me how much tax I have to pay

 

I begrudge even 1 penny going to the likes of those on Benefit street

Sounds like you need a better accountant lol