US Tax System Explained with Beer - GoFuckYourself.com

GigoloMason · 01-24-2008, 05:16 PM

I giggled.

Quote:

EXPLAINING OUR UNITED STATES TAXING SYSTEM WITH BEER

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 beers 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% saving s).

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 more than 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 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 very 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

MetaMan · 01-24-2008, 05:18 PM

lol slick.

GITZINGER · 01-24-2008, 05:30 PM

NosMo · 01-24-2008, 05:31 PM

Hmm thoughtfull

NosMo

Vick! · 01-24-2008, 05:33 PM

I was wondering who whore such a complex example .. until I saw the footer.

Quote:

David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia

tiger · 01-24-2008, 06:14 PM

Thats a pretty complicated way to explain that a percentage discount translates to more money for the rich.

GigoloMason · 01-24-2008, 08:54 PM

Although I think a lot of this board is missing out on free beers ;)

woj · 01-24-2008, 10:43 PM

nice one

KiraSilver · 01-24-2008, 11:24 PM

My husband has an economics degree.

He tries to explain things like this to me.

DigitalDruid · 01-25-2008, 12:31 AM

That is very cool, Us Canadians can understand that very well..... We ship cases of beer daily to Quebec for no reason at all. But when they drink the are quiet

spunkmaster · 01-25-2008, 12:43 AM

Ha !

Hillary Clinton said she wants the first nine to get free beers with the last guy paying for everyone

Zango · 01-25-2008, 03:47 AM

I drink overseas.

Drake · 01-25-2008, 03:54 AM

haha nice

L-Pink · 01-25-2008, 03:59 AM

Quote:

Originally Posted by Zango

I drink overseas.

Figures ......

GigoloJustin · 01-25-2008, 04:04 AM

haha makes sense =)

01-24-2008, 05:30 PM	#3
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01-24-2008, 05:31 PM	#4
NosMo Confirmed User Join Date: Mar 2007 Location: Sin city Posts: 1,025	Hmm thoughtfull NosMo __________________ All BBW * Sign up today and cash those fat checks! * All the time C H U B B Y C H E C K S BBW Porn Pass * Big & Brutal * Princess Lissa * Big Blow Job Chicks * Elizabeth Rollings * BBW Zine * Plumper TV

01-24-2008, 06:14 PM	#6
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	Thats a pretty complicated way to explain that a percentage discount translates to more money for the rich. __________________

01-24-2008, 08:54 PM	#7
GigoloMason Confirmed User Join Date: May 2005 Posts: 742	Although I think a lot of this board is missing out on free beers ;) __________________

01-24-2008, 10:43 PM	#8
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	nice one __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

01-24-2008, 05:18 PM	#2
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	lol slick.

01-24-2008, 11:24 PM	#9
KiraSilver Confirmed User Join Date: Mar 2007 Location: Dreamland Posts: 434	My husband has an economics degree. He tries to explain things like this to me. __________________ check out our new cash program www.discodinero.com See Who I Am At AdultWhosWho.com!

01-25-2008, 12:31 AM	#10
DigitalDruid Confirmed User Join Date: Oct 2007 Location: Canada Posts: 647	That is very cool, Us Canadians can understand that very well..... We ship cases of beer daily to Quebec for no reason at all. But when they drink the are quiet __________________ Get on here and make some ca$h

01-25-2008, 12:43 AM	#11
spunkmaster Confirmed User Join Date: Jan 2004 Posts: 2,052	Ha ! Hillary Clinton said she wants the first nine to get free beers with the last guy paying for everyone __________________

01-25-2008, 03:47 AM	#12
Zango So Fucking Banned Join Date: Oct 2006 Posts: 511	I drink overseas.

01-25-2008, 03:54 AM	#13
Drake Hello world! Industry Role: Join Date: Mar 2003 Posts: 12,508	haha nice

01-25-2008, 04:04 AM	#15
GigoloJustin Confirmed User Join Date: Jan 2005 Location: Washington Posts: 2,244	haha makes sense =)