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Ira,
G R E A T !!! Every one seems to forget
the 48% + tax we had in the sixties that damn
near bankrupted us Yup , the truest tax words
that were ever spoken were "fat men have thin memories".
Joel
----- Original Message -----
From: Ira Tunik <irat@xxxxxxxxx>
Date: Wed, 15 May 2002 07:08:18 -0700
To: realtraders <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] taxes off topic but interesting.
> An interesting interpretation of the tax system in action.
>
> Subject: A preponderance of thought.........................
>
>
> about an honest story with a new presentation
>
> About 2 minutes worth of reading but perhaps something to share with
> your
> friends and family.................................
>
> I was having lunch with one of my favorite clients last week and the
> conversation turned to the government's recent round of tax cuts. "I'm
> opposed to those tax cuts," the retired college instructor declared,
> "because they benefit the rich. The rich get much more money back than
> ordinary taxpayers like you and I and that's not fair."
>
> "But the rich pay more in the first place," I argued, "so it stands to
> reason that they'd get more money back." I could tell that my friend was
>
> unimpressed by this meager argument. Even college instructors are a
> prisoner
> of the myth that the "rich" somehow get a free ride. Nothing could be
> further from the truth.
>
> Let's put tax cuts in terms everyone can understand. Suppose that
> everyday
> 10 men go to dinner. The bill for all ten comes to $100. If it was paid
> the
> way we pay our taxes, the first four men 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.
>
> The 10 men ate dinner in the restaurant every day and seemed quite happy
>
> with the arrangement until 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. Now dinner for the 10 only costs $80.
>
> The first four are unaffected. They still eat for free. Can you figure
> out
> how to divvy up the $20 savings among the remaining six so that everyone
>
> gets his fair share? The men realize that $20 divided by 6 is $3.33, but
> if
> they subtract that from everybody's share, then the fifth man and the
> sixth
> man would end up being paid to eat their meal.
>
> 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 $59. Outside the restaurant, the men began to
> compare
> their savings. "I only got a dollar out the $20," declared the sixth man
>
> pointing to the tenth, "and 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 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. There are lots of good restaurants
> in
> Switzerland and the Caribbean.
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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