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Tax rebates 101

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Old Jan 12, 2003 | 08:30 PM
  #1  
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1997RangerXLT
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Tax rebates 101

> > >>The Truth about Taxes
> > >> by Anonymous
> > >>
> > >>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.
> > >>
> > >>
> > >

 
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Old Jan 13, 2003 | 08:40 PM
  #2  
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Tax rebates 101

No one is going to comment on this one huh?



 
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Old Jan 13, 2003 | 08:56 PM
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Tax rebates 101

Great analogy,
I have often wondered why the rich are always the whipping boy of the Dems. and the press.
They are wealthy because they work harder, and smarter than most folks!
It's funny that the most wealthy senators are predominantly Dems. They have theirs, but want to hold you and I back from making ours!
Then they have the nerve to call the Republicans the party of the rich. I think they are the party of the working people, and the Dems. are becoming the party of the non-working.


Greg58

 
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Old Jan 13, 2003 | 09:03 PM
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Tax rebates 101

I'm still trying to figure out how I can use it to eat at The Olive Garden for free!

Seriously, I think it makes a good point. I just wish Washington would stop trying to buy votes through tax rebates. I'm a single adult male with no kids: NOBODY pays more taxes (as a percentage of income) than I do. I don't complain about how much I pay, I just disagree with how our governments spend what I give them. But everybody wants a tax rebate, because everyone now listens to the same radio station: WIFM (What's In it For Me). We've become a nation of wimps, and it turns my stomach. "Ask NOT what your country can do for you, ask what YOU can do for YOUR country!" And that was said by a liberal Democrat on his inauguration day! On December 8th, 1941, this nation rolled up it's sleeves and went to work, building the strongest defense system history has ever known. On September 12th, 2001, we all put flag stickers on our Japanese cars, held candlelight vigils and sang "Kum-bi-ya." The Congress stood on the steps of the Capitol and sang "God Bless America." Mayor Bloomberg is busy renaming over 100 streets in NYC for those that died on 9/11. This is all very nice, but what real difference does it make? It makes us feel better about ourselves, BUT WHAT DOES IT DO FOR OUR COUNTRY?! I know, this makes me a cold-hearted ol' *******, and I'll probably regret this response, but I feel it's time someone stood up and asked the question. Go ahead, make my day...
 
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Old Jan 13, 2003 | 09:04 PM
  #5  
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Tax rebates 101

that was from the Glenn Beck show, at least thats where i first heard it on 1-08-03. i dont know if he was the original author of that but its all true.

thanks for taking the time to post it.



read not to condemn but to consider
 
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Old Jan 14, 2003 | 01:25 AM
  #6  
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Tax rebates 101

Every congressman is wealthy, regardless of party affiliation. Don't convince yourself that there are any regular down to earth people in Congress. They were all brought up to be lawyers and accountants and politicians, groomed from birth to be what the party wants them to be, sent to the best prep schools and private colleges...it's sick, man. It's just sick.
Plus, if I had the average salary of a congressman, I would be rich REAL quick like.
BDV
 
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Old Jan 14, 2003 | 07:41 AM
  #7  
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Tax rebates 101

>"Ask NOT what your
>country can do for you, ask what YOU can do for YOUR
>country!" And that was said by a liberal Democrat on his
>inauguration day! On December 8th, 1941, this nation rolled
>up it's sleeves and went to work, building the strongest
>defense system history has ever known.

I like your post, a few points.
Lberal democrats have beeen fighting defense spending ever since.
This "liberal democrat" was the only Democrat ever to pass tax cuts.
Notice that the quote says "ask what you can DO for your country", not "ask what you can BUY for your country" High taxes were one of the big reasons the colonists revolted, in addition to the free speech issues etc. Everybody these days easily forgets about the Boston Tea Party. And I bet they didn't have to pay the percentages we pay today.
 
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Old Jan 14, 2003 | 10:48 AM
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Tax rebates 101

 
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