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  1. #1
    Registered NW_Jim's Avatar
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    1990 35' Fountain
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    Dec 2000
    NW USA

    OT - "Truth about Taxes"

    The Truth about Taxes
    by Kenneth Wangler

    Let's put tax cuts in terms everyone can 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.

    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.

    "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 $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 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, then the fifth man and the 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.

    He 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. The system exploits the poor!"

    The nine men 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 something important. They were $52 short!

    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.

    Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore.

    Unfortunately, Liberals cannot grasp this straight-forward logic!

    --Kenneth Wangler

    Boy am I gonna get it for this one....

  2. #2
    Charter Member #319 Charter Member
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    Oct 2000
    Pennsville NJ.
    Very well put.

  3. #3
    Registered HyperBaja's Avatar
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    Lewis Center, Ohio
    Wow, that seems right!!

  4. #4
    Registered florida gator's Avatar
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    Clearwater, Florida
    Hard work doesn't pay hah?

  5. #5
    Enjoy the show VIP Member Ron P's Avatar
    Join Date
    Feb 2001
    The Joisey Shore
    Come on Catman, here is your chance. Show us how this way of thinking is correct.

  6. #6
    Platinum Member Platinum Member Tinkerer's Avatar
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    2001 Daytona 26, 1992 SCARAB 34, 1989 25 Checkmate Convincer, 1977 Glastron Carlson CVX 18
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    ALTO, MI
    Hey even if it ain't broke it's still fun to tinker with it.

  7. #7
    Toxic FORMULA Platinum Member mopower's Avatar
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    Well guys,
    The way I see it is

    1 The first four eat free because they're poor

    2 The guys in the middle pay the most , because the have SOME money and no power to decide who pays what.

    3 The guys at the top have expense accounts paid for by someone else (I.E. the government , their company , etc), so they , in effect pay nothing.

    And this my friends is called REALITY

    OOPS almost forgot about the $20 discount.
    That goes to THE guy at the top because he had advanced notice and headed it off before any one else heard about it and pocketed the whole thing

    Now laugh to keep from crying
    Last edited by mopower; 12-17-2002 at 09:41 PM.
    You can never have too much horsepower or money...It's just hard to have both.

  8. #8
    Platinum Member Platinum Member Tinkerer's Avatar
    My Boats:
    2001 Daytona 26, 1992 SCARAB 34, 1989 25 Checkmate Convincer, 1977 Glastron Carlson CVX 18
    Join Date
    Jan 2002
    ALTO, MI
    That is a joke-- Who pays for the expence account. - DA - the guy that owns the company. So if you say the guy that owns the company has the expence account than who pays it? Where does the money come from??
    Hey even if it ain't broke it's still fun to tinker with it.

  9. #9
    Join Date
    Sep 2001
    (1-4) paid nothing because they are already on the Govt. teat.

    (5) Works at McDonalds part time and lives in Govt. housing with
    (3) above. He just got a 100% tax deduction and now pays

    (6) is a hard working blue collar factory worker who just saw a
    33% reduction in his taxes and is greatful.

    (7) is the head of engineering in the factory where (6) is
    employed and received his 28% deduction with great joy.

    (8) is the sales manager in the same plant and has talked with
    (7) about increasing their 401K contribution with the 25%
    money he is now saving.

    (9) is the general manager. His saving appears to be 33% but he
    is scared to death he is going to be downsized due to poor
    margins. He has watched corporate wealth decline due to
    the Stock Market bubble burst and the manufacturing slow
    down since Feb. of 2000. He knows he is next if things don't
    look up.

    (10) ownes the business where (6-9) are employed. He already
    matches all employees Federal and Social Security taxes. He
    has absorbed several insurance cost increases and has a
    401K matching plan for his employees that comes out of
    company profits. His company pays corporate taxes and has
    had an assessment made against him to clean up the metal
    filings left by previous property owners listed on the phase 1
    environmental study. New regulations now make what was
    not a problem when he bought the property a violation that
    must be dealt with. His personal deduction was 12%.

    That is the picture you should see.

  10. #10
    Registered Playn's Avatar
    Join Date
    Jan 2001
    3 The guys at the top have expense accounts paid for by someone else (I.E. the government , their company , etc), so they , in effect pay nothing.
    Someone else?????????

    Let's see now, The Government doesn't MAKE any money, It TAKES ours! So EVERYTHING they do they do with OUR hard earned money!!!.

    Companies?? That big, mean spirited, rich corporation I work for and all the rich expense account benefits they give the management? It's MY company! We are frugel because I went into business to allow ME to PROVIDE a better life for my family. The companies money IS MY money. We are over taxed, over regulated with paperwork that creates a heck of a burden and negatively effects the bottom line of the company.

    Pay Nothing????? Are you even serious???

    The people that CREATE jobs are taxed beyond belief and THAT MY FRIEND IS REALITY!!!

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