| jswift2000 |
| Great... more taxes for less services. |
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| jonnygoodboy |
The way I read it, most of us (the middle income between $28K to $337K) will pay less, but not as much less as those in other income brackets. So our proportion is a little more, but we'll actually be paying less tax.
Until they raise taxes again.
Oh yeah, and your more local taxes (state, etc.) have to go up to make up for what the Feds aren't sending back down.
Like someone once said, taxation with representation isn't so hot either. |
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| Blueflame |
| It's a shell game........ |
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| jswift2000 |
| Like I said... more taxes. |
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| Jay0427 |
My boss sent this to me via email. I post for your enjoyment only. It does make sense in a way. It may make some of you feel better! I warn you it's long and somewhat confusing but good reading nontheless.
Why The Rich Get More Taxes Back
Now let's put the latest controversy over tax cuts in terms almost everyone should be able to 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, and the tenth man -- the richest - would pay $59. 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 (in tax language a tax cut).
"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 a total of $80.00." 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, the fifth and sixth man would 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 paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of his earlier $59. 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 who pointed to the tenth. "But he got $7!" "Yeah, that's right," exclaimed the fifth man, "I only saved a dollar, too, ........ It's unfair that he got seven times more than me!" "That's true!" shouted the seventh man," why should he get $7 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 system exploits the poor!" The nine men then surrounded the tenth and beat him up. The next night he 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 - a little late - what was very important. They were FIFTY-TWO DOLLARS short of paying the bill! Imagine that! And that, boys and girls, journalists and college instructors, is how the tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. But tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. And where would that leave the rest of us? Unfortunately, many people and most taxing authorities anywhere cannot seem to grasp this rather straightforward logic! |
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| mdxxxx |
quote:
Originally posted by Jay0427
...Why The Rich Get More Taxes Back...
That was entertaining, a good read... I think the parable could be accurate, ceteris paribus, however, in real life, the premise of "things being equal" is not always logical...
I'll slightly modify the scenario, introducing a 'real life' variable...
The highest payer ($52) never really paid $52, because the owner wanted a favor from "Mr. $52", and simply winked, hoping to become a member of the old boys club...
Just a thought...;) |
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| A6MDX |
quote:
The highest payer ($52) never really paid $52, because the owner wanted a favor from "Mr. $52", and simply winked, hoping to become a member of the old boys club...
That sounds like another example of "we didn't get our's" thinking.
It's a private arrangement between the owner and the payer. What difference does it make to anyone else if there is no extra money coming out of their pocket?
IMHO, the tax system is more of a way for politicians to capture votes by redistributing wealth. Even if someone doesn't get money handed to them, they still benefit from taxes in some way. The poor get subsideized housing and health care. The rich get tax abatements and shelters although those mostly go to corporations and not individuals. There's a lot more people paying little or no taxes than those that are. Even if a small increase in number of those that want a handout were to get out and vote, taxes will go up to support that habit. Heck, I'd like free money too but I'd settle for paying less to the government. |
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| mdxxxx |
quote:
Originally posted by A6MDX
... Even if someone doesn't get money handed to them, they still benefit from taxes in some way. The poor get subsideized housing and health care. The rich get tax abatements and shelters although those mostly go to corporations and not individuals. ...
Your're right. The poor get subsidized, the wealthy get coporate shealters, the middle get screwed (you forgot that one)...:D |
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| Blueflame |
quote:
Originally posted by mdxxxx
Your're right. The poor get subsidized, the wealthy get coporate shealters, the middle get screwed (you forgot that one)...:D
Is that with grease or no grease? |
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| mdxxxx |
quote:
Originally posted by Blueflame
Is that with grease or no grease?
No grease...:headshake |
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| A6MDX |
quote:
the middle get screwed (you forgot that one)...
Yep. That got editted out of my last post. I was going to mention how much the middle really contributes to paying taxes but how little they receive in return in the form of services or tax shelters. The only thing I could think of was the home mortgage shelter. Even with that, the middle class pays a large bulk of the taxes in this country.
I couldn't come up with numbers off the top of my head and in the short time I looked the only numbers I could easily find came from a liberal group that thinks the middle class are those families earning $20k to $70k. Those numbers look like they came from the 1970's. That group pays very little (if any) taxes compared to the the group that earns $70k to $150k in today's money. |
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| Blueflame |
quote:
Originally posted by mdxxxx
No grease...:headshake
Good, I guessed we all loved it, becasue we keep voteing these Ahole back in the office. |
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