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Obama's tax system explained in beer

Ripped this off from another site, original is here.

http://www.fortunewatch.com/the-obam...ained-in-beer/

I don't have an opinion on Obama's tax plan or much else political, but I did think this was interesting:

Quote:

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 $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 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 dollar 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 dollar 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.

nice...lol
it seems most of the rich are already overseas though

Almost. The shop owner does not have a gun and is forcing the 6 men to pay for something they do not want.

Quote:

Originally Posted by IllTestYourGirls (Post 17700948)

Almost. The shop owner does not have a gun and is forcing the 6 men to pay for something they do not want.

BWahhaaa so true...

That has been floating around the internet for a while. I think that thing was around before Obama was ever in the white house.

Quote:

Originally Posted by IllTestYourGirls (Post 17700948)

Almost. The shop owner does not have a gun and is forcing the 6 men to pay for something they do not want.

:1orglaugh:1orglaugh tax system is not paying beer or you say with tax you pay for something :D

Quote:

Originally Posted by IllTestYourGirls (Post 17700948)

Almost. The shop owner does not have a gun and is forcing the 6 men to pay for something they do not want.

Yea, like more IRS agents. :(

It's exactly how things work.
Next time the rabble talk about "tax cuts for the rich" just cut and paste this again

The fifth man was laid off from the 10th mans business and gets no benefits since benefits encourage unemployment.

The sixth man is the 10th mans handyman. He shows up late alot but is thankful to have work.

The seventh man is the 10th mans bank teller. Doesnt even know his name.

The eighth man is the 10th mans relative and they split 3 pitchers too. It's not really a problem.

The ninth man is the 10th mans accountant, he writes it off as part of a buisiness trip.

The tenth man made a deal to get free beer in exchange for not moving his factory to China. He'll move it in 5 years instead.

Hehe, not bad...

Wouldn't it be more like, everyone pays the bar keep the same amount for each beer, then at the end of the year the poorer 4-5 of the group gets more money back? After all everyone pays payroll taxes, just a percentage of people get most if not more than the amount they paid back.

And Tom has it spot on... to add, the 10th guy bought the bar's debt, which was his own, wrote if off and got the money back for a bad investment, thus all his beer was free and he made a profit, while his buddies got left sucking the bottle dry.

Where I live, in the Dominican Republic, the richest guy in the group pays the beer period.

Or, whoever invited the others pays the beer. Or else, all things being equal whoever is whitest pays the beer. Still I thought it was an interesting story, I hate the idea of punishing people for doing well and letting losers off.

I say everyone should pay the same % at least and see how they do with it.

But it will never happen, broke-ass people whine too much so all you can really do is dream.

Quote:

Originally Posted by PR_Tom (Post 17701075)

:1orglaugh:1orglaugh

When explained like this, even the rabble can't defend it

Quote:

Originally Posted by 12clicks (Post 17701058)

It's exactly how things work.
Next time the rabble talk about "tax cuts for the rich" just cut and paste this again

:1orglaugh :1orglaugh :1orglaugh :1orglaugh

It's such a stupid fucking example that I knew you would be in here agreeing with it. Holy shit you are dumb.

Quote:

Originally Posted by stocktrader23 (Post 17703411)

:1orglaugh :1orglaugh :1orglaugh :1orglaugh

It's such a stupid fucking example that I knew you would be in here agreeing with it. Holy shit you are dumb.

Said the rabble currently leeching off the system.
Most of the rabble are smart enough to avoid this truth.

Quote:

Originally Posted by 12clicks (Post 17703398)

When explained like this, even the rabble can't defend it

Why would anyone defend the fact that we are all getting bent over and fucked by the super riches greed?

I'm pretty sure nobody here is going to argue that. Other than maybe the rabble of course.

I'd never seen this before. Amusing.