The Rich Should be Taxed More

[Guest Guest]

When you hear the politicians claim they will tax the rich more to give to the poor, think about this beer test.

 

Bar Stool Economics - Our Tax System Explained

 

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 beer 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 paid $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% savings).

 

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 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 then 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 important. They didn't have enough money between all of them for even half of the bill!

 

And that, ladies and gentlemen, 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

 

[Guest Guest]

You're right.

 

We should tax and borrow, like GWB does.

[Guest Guest]

So rich "patriots" hold the country hostage so they can get their economic need for multimillion dollars met. My kind of people .... Republicans. Actually they are the ones who own the bar and get their single malt scotch free from the distributer.

[Guest Guest]

You're right.

 

We should tax and borrow, like GWB does.

Noooo

You should get your own and if you can't then to DELETED bad for you!!!!!!!!!!!

[Guest 11th man]

When you hear the politicians claim they will tax the rich more to give to the poor, think about this beer test.

 

Bar Stool Economics - Our Tax System Explained

 

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 beer 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 paid $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% savings).

 

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 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 then 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 important. They didn't have enough money between all of them for even half of the bill!

 

And that, ladies and gentlemen, 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

 

 

 

 

 

you forgot to mention the wealthy people benefited from an unfair playing field in which the well connected collude together for price fixing. also , political corruption puts projects up to bid to the highest paying lobbyist. the majority of wealthy people have not worked for their fortune the honest way. you portray them like they work harder than everyone else. really? NYSEG, EXXON MOBIL, TIME WARNER, MAINES BROS., ETC...... ALL WORK HARDER THAN THE SO CALLED "COMPETITION"? have another beer. they get there through favors, connections and off the backs of their underpaid workers. they get business zone tax breaks that nobody else does. personally, they could throw them all in the ocean and i couldn't care less. keep believing there is competition in our system. i think you were drunk when you posted this idiocy.

[Guest 11th man]

DELETED

 

 

yes sir, mr. maines. i know you own people.

hey idiot, wait til gas is 4 bucks a gallon and NYSEG raises their rates.

i am impressed with your intellect, though.