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  1. #1
    Carole Durand
    Guest

    Default taxes and the wealthy

    This came across my desk the other day. I'm obviously not rolling in

    it, or I might not be here, but I do recognize the relevance of the

    snippet. I think a flat tax would be great, because then nobody can

    whine about it, and everyone knows just what to expect. Whining, in

    any area of life, generates NOTHING positive... Have a great day!

    Carole



    Bar Room Economics



    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 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% savings).



    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 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.



    David R. Kamerschen, Ph.D.

    Professor of Economics

    University of Georgia










  2. #2
    Wayne Benner
    Guest

    Default taxes and the wealthy

    I suppose a flat tax would be sensational if it was

    coupled with a flat income. In other words, everyone

    earns $100,000/yr. and is taxed equally on it.



    The flat tax is simply more class warfare on the poor

    and those who don't earn a living wage. It is a

    regressive tax by definition.



    The only way we are going to begin to get out of our

    economic woes is by mandating a living wage and

    increasing taxes on the rich.



    Just my opinion, and of course, I would never

    complain.





    --- Carole Durand <go4awalleye@yahoo.com> wrote:



    > This came across my desk the other day. I'm

    > obviously not rolling in

    > it, or I might not be here, but I do recognize the

    > relevance of the

    > snippet.






  3. #3
    Karen Pierce
    Guest

    Default taxes and the wealthy


    <FONT face="Comic Sans MS" color="#008000" size="4">What WOULD work is if everyone were charged the same percentage. No matter what you earn, you would pay, say 10% or whatever on income tax. If you earn less, you'd pay less...the more you earn, the more you pay, but the same percentage.
    <FONT face="Comic Sans MS" color="#008000" size="4">
    <FONT face="Comic Sans MS" color="#008000" size="4">You'd be amazed how much MORE the government would get that way - the upper class pays about HALF the percentage rate as middle class. If everyone paid the same percentage rate, the government would be rolling in dough.
    <FONT face="Comic Sans MS" color="#008000" size="4">
    <FONT face="Comic Sans MS" color="#008000" size="4">KarenP

    <BLOCKQUOTE style="BORDER-LEFT: #008000 2px solid;">
    ----- Original Message -----
    From: Wayne Benner
    To: Budget101_@yahoogroups.com
    Sent: Friday, March 07, 2008 9:11 AM
    Subject: Re: Budget101.com : taxes and the wealthy





    I suppose a flat tax would be sensational if it was
    coupled with a flat income. In other words, everyone
    earns $100,000/yr. and is taxed equally on it.

    The flat tax is simply more class warfare on the poor
    and those who don't earn a living wage. It is a
    regressive tax by definition.

    The only way we are going to begin to get out of our
    economic woes is by mandating a living wage and
    increasing taxes on the rich.

    Just my opinion, and of course, I would never
    complain.

    --- Carole Durand <go4awalleye@yahoo.com> wrote:

    > This came across my desk the other day. I'm
    > obviously not rolling in
    > it, or I might not be here, but I do recognize the
    > relevance of the
    > snippet.




  4. #4
    Liss
    Guest

    Default taxes and the wealthy

    This is probably going to piss a few people off, but Personally I

    believe we should do the following:



    1. Get Rid of the IRS completely- NO Income taxes at all.



    2. Set a Tax on Goods- (exmaple) 5% on everything which goes to the

    government for all their programs. That way, no matter what you buy-

    you are paying taxes in to the government.



    Which means, if you pay 10,000 for a car- you pay 5% tax on it to the

    government, if you buy a $100,000 for a hummer, you pay 5% on it.

    Obviously those that are buying in excess will be paying a bit more.



    The tax should not include items Fuel, Groceries but should include

    Homes, Property, Vehicles, all all goods like TVs, Stereos etc.



    Why? Because instead of a few Americans paying in taxes EVERYONE would

    be forced to pay taxes.



    It would remove the attack against the poor complaints and the attack

    against the rich complaints. If you want to buy crap, pay for it.



    All the (millions) of illegals in the US would be paying taxes- they'd

    have no choice.. they're here, they're going to buy "stuff". Think of

    ALL the money that would be generated from the MILLIONS of illegals

    Alone!!!



    The Pimps, Prostitutes, Drug Dealers that aren't paying any taxes in on

    the "Tips" and income they generate would suddenly have to pay. They'd

    be paying everytime they bought "bling".



    The US would save BILLIONS of dollars by removing the IRS. Think of all

    the man hours that would no longer have to be paid and the amount of

    stress that people go through filing taxes- the depression

    subscriptions that would DROP. Etc etc



    If ALL the people in the US paid taxes in this manner, the government

    would have More money than they could shake a stick at.



    People that are Frugal, that aren't stuck in consumerism hell would be

    the ones that paid the least. If you're happy with the things you have

    then you'd be saving quite a bit of money, wouldn't you?



    Obviously- we live in a society of Gimmee, Gimmee, Gimmee, we need to

    change how the country is run to keep up with the times.



    Thats My .02 on Taxes...



    ~Liss










  5. #5
    Monique
    Guest

    Default taxes and the wealthy

    I agree that our government would save lots by getting rid of the

    people who work for the IRS, but where are those people going to work?



    On Sat, Mar 8, 2008 at 9:14 AM, Liss <liss@budget101.com> wrote:

    >

    >

    >

    >

    > This is probably going to piss a few people off, but Personally I

    > believe we should do the following:

    >

    > 1. Get Rid of the IRS completely- NO Income taxes at all.

    >

    > 2. Set a Tax on Goods- (exmaple) 5% on everything which goes to the

    > government for all their programs. That way, no matter what you buy-

    > you are paying taxes in to the government.

    >

    > Which means, if you pay 10,000 for a car- you pay 5% tax on it to the

    > government, if you buy a $100,000 for a hummer, you pay 5% on it.

    > Obviously those that are buying in excess will be paying a bit more.

    >

    > The tax should not include items Fuel, Groceries but should include

    > Homes, Property, Vehicles, all all goods like TVs, Stereos etc.

    >

    > Why? Because instead of a few Americans paying in taxes EVERYONE would

    > be forced to pay taxes.

    >

    > It would remove the attack against the poor complaints and the attack

    > against the rich complaints. If you want to buy crap, pay for it.

    >

    > All the (millions) of illegals in the US would be paying taxes- they'd

    > have no choice.. they're here, they're going to buy "stuff". Think of

    > ALL the money that would be generated from the MILLIONS of illegals

    > Alone!!!

    >

    > The Pimps, Prostitutes, Drug Dealers that aren't paying any taxes in on

    > the "Tips" and income they generate would suddenly have to pay. They'd

    > be paying everytime they bought "bling".

    >

    > The US would save BILLIONS of dollars by removing the IRS. Think of all

    > the man hours that would no longer have to be paid and the amount of

    > stress that people go through filing taxes- the depression

    > subscriptions that would DROP. Etc etc

    >

    > If ALL the people in the US paid taxes in this manner, the government

    > would have More money than they could shake a stick at.

    >

    > People that are Frugal, that aren't stuck in consumerism hell would be

    > the ones that paid the least. If you're happy with the things you have

    > then you'd be saving quite a bit of money, wouldn't you?

    >

    > Obviously- we live in a society of Gimmee, Gimmee, Gimmee, we need to

    > change how the country is run to keep up with the times.

    >

    > Thats My .02 on Taxes...

    >

    > ~Liss

    >

    >







    --

    Monique






  6. #6
    Karen Pierce
    Guest

    Default taxes and the wealthy


    <FONT face="Comic Sans MS" color="#008000" size="4">Hear Hear!!!!
    <FONT face="Comic Sans MS" color="#008000" size="4">
    <FONT face="Comic Sans MS" color="#008000" size="4">KP
    <BLOCKQUOTE style="BORDER-LEFT: #008000 2px solid;">
    ----- Original Message -----
    From: Liss
    To: Budget101_@yahoogroups.com
    Sent: Saturday, March 08, 2008 8:14 AM
    Subject: Re: Budget101.com : taxes and the wealthy





    This is probably going to piss a few people off, but Personally I
    believe we should do the following:

    1. Get Rid of the IRS completely- NO Income taxes at all.

    2. Set a Tax on Goods- (exmaple) 5% on everything which goes to the
    government for all their programs. That way, no matter what you buy-
    you are paying taxes in to the government.

    Which means, if you pay 10,000 for a car- you pay 5% tax on it to the
    government, if you buy a $100,000 for a hummer, you pay 5% on it.
    Obviously those that are buying in excess will be paying a bit more.

    The tax should not include items Fuel, Groceries but should include
    Homes, Property, Vehicles, all all goods like TVs, Stereos etc.

    Why? Because instead of a few Americans paying in taxes EVERYONE would
    be forced to pay taxes.

    It would remove the attack against the poor complaints and the attack
    against the rich complaints. If you want to buy crap, pay for it.

    All the (millions) of illegals in the US would be paying taxes- they'd
    have no choice.. they're here, they're going to buy "stuff". Think of
    ALL the money that would be generated from the MILLIONS of illegals
    Alone!!!

    The Pimps, Prostitutes, Drug Dealers that aren't paying any taxes in on
    the "Tips" and income they generate would suddenly have to pay. They'd
    be paying everytime they bought "bling".

    The US would save BILLIONS of dollars by removing the IRS. Think of all
    the man hours that would no longer have to be paid and the amount of
    stress that people go through filing taxes- the depression
    subscriptions that would DROP. Etc etc

    If ALL the people in the US paid taxes in this manner, the government
    would have More money than they could shake a stick at.

    People that are Frugal, that aren't stuck in consumerism hell would be
    the ones that paid the least. If you're happy with the things you have
    then you'd be saving quite a bit of money, wouldn't you?

    Obviously- we live in a society of Gimmee, Gimmee, Gimmee, we need to
    change how the country is run to keep up with the times.

    Thats My .02 on Taxes...

    ~Liss
    <FONT face="Comic Sans MS" color="#008000" size="4">





  7. #7
    Liss
    Guest

    Default taxes and the wealthy

    --- In Budget101_@yahoogroups.com, Monique <motherof1@...> wrote:

    >

    > I agree that our government would save lots by getting rid of the

    > people who work for the IRS, but where are those people going to work?

    >



    Factories, McDonalds, Walmart, other companies- same as all the rest

    of us.



    If we stopped giving breaks to corporations over seas, the

    corporations would move back to the US and they'd have plenty of damn

    jobs here!



    If we changed our foreign trade policy we'd have more jobs in the US.



    Besides that, if we had a flat tax and people weren't losing $200-300 a

    week out of your check in taxes- they could use that towards Health

    Insurance/ Health Care.



    This country needs some Common Sense.

    ~Liss








  8. #8
    Nancy R
    Guest

    Default taxes and the wealthy

    ----- Original Message -----

    > 1. Get Rid of the IRS completely- NO Income taxes at all.

    >

    > 2. Set a Tax on Goods- (exmaple) 5% on everything which goes to the

    > government for all their programs. That way, no matter what you buy-

    > you are paying taxes in to the government.

    >

    I agree!! However there would still need to be a compliance office to make

    sure the sales tax collected is actually remitted to the govt.



    Remember that tax laws come from Congress & are often designed to benefit a

    certain business (oil, for instance) or a certain group of people. The

    rich may pay a lot of income taxes but many are in a position to set their

    own salaries which are "grossed up" so they end up with what they actually

    want to earn. These are the people who also control wages for everyone

    else. Being underpaid is really paying a tax if you think about it.



    Nancy, retired CPA








 

 
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