OWS - do they understand taxes?

Discussion in 'General Baptist Discussions' started by Salty, Nov 27, 2011.

  1. Salty

    Salty
    Expand Collapse
    20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    22,126
    Likes Received:
    220
    [SIZE=+1]TAXES [/SIZE]



    THE POWER TO TAX IS THE POWER TO CONTROL

    [SIZE=+1]The True Story of Taxes [/SIZE]



    Let's put tax cuts in terms everyone can understand. Suppose that every day, 10 men go out for lunch and the bill for all 10 comes to $100.
    If they paid their bill the way we pay our taxes, using the progressive tax formula, the billing would go 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, the majority of the men voted democratically to do that.
    The 10 men ate in the diner every day and seemed quite happy
    with the arrangement, until one day the diner owner surprised them.
    "Since you are all good customers," he said,
    "I'm going to reduce the cost of your daily dinner by $20.
    Lunch for 10 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 eat for free.
    But what about the other six men, the paying customers?
    How could they divide the $20 windfall so everyone would get his fair share??
    They realized that $20 divided by six is $3.33.
    But if they subtracted that from everybody's bill,
    then the fifth man and the sixth man would each
    end up being paid to eat. That didn't seem fair.
    So, the owner suggested reducing each man's bill using the US tax formula.
    Then he presented the amounts each should pay.
    The fifth man, like the first four, now paid nothing (100% savings).
    The sixth now paid $2 instead of $3 (savings 33%).
    The seventh now pay $5 instead of $7 (savings 28%).
    The eighth now paid $9 instead of $12 (savings 25%).
    The ninth now paid $14 instead of $18 (savings 22%).
    The tenth now paid $49 instead of $59 (savings only 16%).
    Each of the six was better off than before and the
    first four continued to eat for free. But outside the
    diner, the men compared their savings without
    any sense of thanks.
    "I only got a dollar out of the $20," declared the sixth man.
    He pointed enviously to the tenth man,
    "but richie got $10!" "That's right," exclaimed the fifth man.
    "I only got a dollar back. It's unfair that the richest guy got ten times more than I got!"
    "Yeah!" shouted the seventh man.
    "Why should he get $10 back when I got only $2?
    The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison.
    "We did not get anything at all. The US system exploits the poor!"
    Then the nine men surrounded the tenth and beat him up.
    The next day the tenth man didn't show up for lunch,
    so the nine ate without him. But when it came
    time to pay the bill, they discovered something important.
    They didn't have enough money from all of them for even
    half of the bill!
    And that boys and girls, 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 eating in Canada where the atmosphere is friendlier.






    [SIZE=+1]Improved tax system [/SIZE]


    Many had said that the current tax system is too hard to understand. And right they are. The US Tax code is in excess of 16,000 pages
    You can buy a complete 29 voloum from the Govt for only $974!.
    Link to the web page http://www.trygve.com/taxcode.html
    Some have called for the FAIR TAX or FLAT Tax.
    Both of these are unacceptable as there is too
    much papaer work involved.
    The best plan is the Automatic Tax.
    Link to: http://www.electronicflattax.com/
    Under this system ALL electronic (Checks, ATM,
    credit cards, transfers, ect) are automaticly taxed -
    at a very low rate.
    Posslbly even less than 1%. There would be NO
    execptions. All individuals, companies,
    churches, schools, govt, and non-profits
    would pay the tax. But since the rate is
    so low, it would not be a hardship on anyone.
    This plan would replace ALL income, excise, or other current taxes.

     
  2. Salty

    Salty
    Expand Collapse
    20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    22,126
    Likes Received:
    220
    Print this out and send it to your represenatives and Senators as well as local politicians
     
  3. OldRegular

    OldRegular
    Expand Collapse
    Well-Known Member

    Joined:
    Nov 21, 2004
    Messages:
    22,678
    Likes Received:
    53
    Sorry, thought this was the Politics Forum!
     
  4. Salty

    Salty
    Expand Collapse
    20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    22,126
    Likes Received:
    220
    Opps, not sure how that happened - moderator - please move
     
  5. saturneptune

    saturneptune
    Expand Collapse
    Banned

    Joined:
    Jan 16, 2006
    Messages:
    13,977
    Likes Received:
    0
    While I agree with your premise, I think the biggest power of taxation is the automatic deduction. If we were paid our gross amount, then, every payday, we had to go to a seperate window and pay out cash, there would be rioting in the streets. First, there would be a window for federal income tax, and we would shell out so many 20s. Then comes the state window, and we would give about 40% of the federal. Then, the local tax window, about half the state. Then, we would come to the Social Security and Medicare window. After that, one could pay for all their benefits and have about 50% left. There is mighty power in the automatic deduction.
     
  6. Salty

    Salty
    Expand Collapse
    20,000 Posts Club
    Moderator

    Joined:
    Apr 8, 2003
    Messages:
    22,126
    Likes Received:
    220
    Yes, you are aboutely right! Witholding appears to ease the pain - especially when you get a big refund. If people saw how much was being actually taxed on each purchse - they would think twice.

    Bottom line - our goverment (us) needs to cut spending
     

Share This Page

Loading...