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  • Tax explained in a way every one can understand ,,,,,,,,,cept yella n doc maybe ,this suits Ooe down to the last glenguzzleit ,and the other very wealthy one on board , Texas John . lol

    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 ball.

    "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 men would 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 realised 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 a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

    And so the fifth man, like the first four, now paid nothing (100% saving).

    The sixth now paid 2 instead of 3 (33% saving).

    The seventh now paid 5 instead of 7 (28% saving).

    The eighth now paid 9 instead of 12 (25% saving).

    The ninth now paid 14 instead of 18 (22% saving).

    The tenth now paid 49 instead of 59 (16% saving).

    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 pound out of the 20 saving," 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 pound too. It's unfair that he got ten times more benefit than me!"

    "That's true!" 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 didn't get anything at all. This new tax 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 their 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, boys and girls, journalists and government ministers, is how our tax system works.

    The people who already pay the highest taxes will naturally 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.

    For those who understand, no explanation is needed.
    For those who do not understand, no explanation is possible
    Last edited by tankie; 10 Apr 16,, 12:25.

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    • Society explained .



      Click image for larger version

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      • Damn it tanker, why would me and the good Colonel pay for the beers, when we don't drink 'em in the first place?
        No such thing as a good tax - Churchill

        To make mistakes is human. To blame someone else for your mistake, is strategic.

        Comment


        • Originally posted by Doktor View Post
          Damn it tanker, why would me and the good Colonel pay for the beers, when we don't drink 'em in the first place?
          Serves yas right .

          Comment


          • Originally posted by tankie View Post
            Tax explained in a way every one can understand ,,,,,,,,,cept yella n doc maybe ,this suits Ooe down to the last glenguzzleit ,and the other very wealthy one on board , Texas John . lol

            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 ball.

            "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 men would 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 realised 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 a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

            And so the fifth man, like the first four, now paid nothing (100% saving).

            The sixth now paid 2 instead of 3 (33% saving).

            The seventh now paid 5 instead of 7 (28% saving).

            The eighth now paid 9 instead of 12 (25% saving).

            The ninth now paid 14 instead of 18 (22% saving).

            The tenth now paid 49 instead of 59 (16% saving).

            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 pound out of the 20 saving," 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 pound too. It's unfair that he got ten times more benefit than me!"

            "That's true!" 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 didn't get anything at all. This new tax 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 their 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, boys and girls, journalists and government ministers, is how our tax system works.

            The people who already pay the highest taxes will naturally 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.

            For those who understand, no explanation is needed.
            For those who do not understand, no explanation is possible
            The key missing information is this: the ratio at which the 10 men pay for their beer (or, don't) has very, very little to do with their incomes or their ability to pay. Indeed, it is almost always the case that the first five drinkers, who pay the least, include the richest among the ten.

            Look at the story again. There is no indication of ability to pay, just how much each pays.
            Trust me?
            I'm an economist!

            Comment


            • /\
              Its a joke ,hence in the jokes thread ,,,,,,unless of course you are drinking in Panama with camoron ,,party pooper , lol

              Comment


              • Originally posted by Doktor View Post
                Damn it tanker, why would me and the good Colonel pay for the beers, when we don't drink 'em in the first place?
                To stop Tankie from talking about aliens?
                Chimo

                Comment


                • Tankie would gladly pay for all our beers if it means he gets to fulfill his fantasy of being anally probed by aliens.

                  Comment


                  • Originally posted by YellowFever View Post
                    Tankie would gladly pay for all our beers if it means he gets to fulfill his fantasy of being anally probed by aliens.
                    You guys can be cruel, sod it I'm off to spend some tax , the pub at Roswell serve decent grogg , at the little ale,e,inn �� �� ��

                    Comment


                    • Originally posted by Officer of Engineers View Post
                      To stop Tankie from talking about aliens?
                      Now, that is a fair taxation.
                      No such thing as a good tax - Churchill

                      To make mistakes is human. To blame someone else for your mistake, is strategic.

                      Comment


                      • Originally posted by Doktor View Post
                        Now, that is a fair taxation.
                        Youssssssssssssssssss will be sorry when disclosure is finalised ooooooohhhhh yes ,,taint just me that knows about the life in abundance in the universe , anddddddddd , believers will hold special council with the new king of earth when they finally/officially let you lot in forra shock ,, and Im gonna be sat there smug by king zogs side watchin you unbelievers scratch yer heads in wonder n amazement at just how wrong you were ,,ohhhh yess .

                        pass the bottle , the 50 year old we seized from unbelieving whiskey hoarders ,,howdya like them flux capacitors babes ,,lol
                        Last edited by tankie; 13 Apr 16,, 13:15.

                        Comment


                        • I passed a bar yesterday with a sign that said,

                          "Happy Hour
                          8am - 9pm"
                          Trust me?
                          I'm an economist!

                          Comment


                          • Where ??????????? heh

                            Comment


                            • Originally posted by tankie View Post
                              Where ??????????? heh
                              Does it matter to you? Hangivers are 24/7
                              No such thing as a good tax - Churchill

                              To make mistakes is human. To blame someone else for your mistake, is strategic.

                              Comment


                              • Originally posted by tankie View Post
                                Where ??????????? heh
                                It's right beside the Divorce Court.
                                Chimo

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