Taxes explained in simple terms - Paintball Forum - Paintball guns and gear forums

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Old April 26th, 2006, 04:51 PM   #1 (permalink)
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Taxes explained in simple terms

Read or die:

"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, and 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 (in tax language-- a tax cut). "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 $80.00.

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, "but," pointing to the tenth man, "he got $7!"

"Yeah, that's right," exclaimed the fifth man, "I only saved a dollar, ........ 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, a little late what was very important. They were FIFTY-TWO DOLLARS short! IMAGINE THAT !!!

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. Where would that leave the rest?"
http://www.rogerandbrenda.com/seclevel/taxlaws.htm


tl;dr- US declares war on Canada.
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Old April 26th, 2006, 04:55 PM   #2 (permalink)
 
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Read it a million times.


It says nothing about abolishing taxes or anything else important about taxes.


Its propaganda!!!
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Old April 26th, 2006, 05:07 PM   #3 (permalink)
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without the rich this county couldn't run. And if we made our rich no longer rich....well congress would be building trillion dollar bridges to every island in the flordia keys.
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Old April 26th, 2006, 05:29 PM   #4 (permalink)
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Quote:
Originally Posted by 128shot
Read it a million times.


It says nothing about abolishing taxes or anything else important about taxes.


Its propaganda!!!
Except that it explains in simple terms why the "rich get the most tax benefits" idea is bull****.
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Old April 26th, 2006, 05:29 PM   #5 (permalink)
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Quote:
Originally Posted by bobide
without the rich this county couldn't run. And if we made our rich no longer rich....well congress would be building trillion dollar bridges to every island in the flordia keys.
Oh yes, the rich are the backbone of this wonderful country.
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Old April 26th, 2006, 05:31 PM   #6 (permalink)
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Actually it's the middle class that are the backbone of the country. They pay the bulk of the taxes.
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Old April 26th, 2006, 05:49 PM   #7 (permalink)
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Quote:
Originally Posted by NYY
Actually it's the middle class that are the backbone of the country. They pay the bulk of the taxes.

Actually, the top 1% richest people in the country currently pay 34% of federal taxes (as of 2002 statistics) and the top 50% of taxpayers pay over 96% of taxes. The upper class pay the bulk of the countries taxes, not the middle and/or lower class.



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Old April 26th, 2006, 05:52 PM   #8 (permalink)
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Well then what is considered middle class?
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Old April 26th, 2006, 06:07 PM   #9 (permalink)
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"middle-class" citizens as those with net worths of between $125,000 and $250,000. Those with net worths between $250,000 and $500,000 typically are categorized as upper middle class. Those with net worths below $125,000 can be further broken down into working class to lower class

Still, the top 10% pay the large majority of taxes in the US.



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Old April 26th, 2006, 06:22 PM   #10 (permalink)
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i was always told, that the rich dont have to pay as many taxes, or whatever, so that they can build stores and stuff with that money, in turn employing lower class people; that idea sounds great, but doesnt always happen
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Old April 26th, 2006, 06:44 PM   #11 (permalink)
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Well, that's the point of upper class tax cuts and such, but even with them the upper class is still paying the majority of taxes.



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Old April 26th, 2006, 06:50 PM   #12 (permalink)
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my friends get taxed 52 cents on the dollar which means they give up more than half their earnings per year because tehy are rich kind of unfair but it all depends on your point of view
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Old April 26th, 2006, 07:34 PM   #13 (permalink)
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My point of view is that the government has no right to levee a tax and target specific citizens to make up for its **** ups. Is a graduated income tax good for the economy? Yes. But where does it end? Should the government be allowed to tax the rich 80%?
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Old April 26th, 2006, 07:39 PM   #14 (permalink)
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we need to start paying off our huge debt, it's really sucking away our tax dollars as we pay back interest.
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Old April 26th, 2006, 08:32 PM   #15 (permalink)
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Ahh.... The only things definite are death and taxes.

I have heard this example used before. But what really made me understand how taxes work was making a tax program with visual basic. It would figure out how much tax you owe or get back. But If I remember correctly, the more money you make, the higher percentage of tax you owe...
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Old April 26th, 2006, 08:55 PM   #16 (permalink)
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Yeah. Back before Reagan, the rich sometimes paid as high as ~74%
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Old April 26th, 2006, 09:16 PM   #17 (permalink)
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Quote:
Originally Posted by sNoW PIrAnHa
Oh yes, the rich are the backbone of this wonderful country.

Sarcasm is the easy way out of contributing something helpful to a conversation.
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Old April 26th, 2006, 09:20 PM   #18 (permalink)
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Sarcasm is the easy way out of contributing something helpful to a conversation.
No way jose.
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Old April 26th, 2006, 11:03 PM   #19 (permalink)
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A flat tax would work wonderfully in this country if we weren't in so much debt.
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Old April 27th, 2006, 09:31 AM   #20 (permalink)
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if the rich corporations would actually pay the taxes they were supposed to instead of dodging them by setting up an "office" in the caman islands or other places almost noone else in the country would have to pay taxes, and we get out of debt.
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Old April 27th, 2006, 11:30 AM   #21 (permalink)
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Quote:
Originally Posted by doomsday
"middle-class" citizens as those with net worths of between $125,000 and $250,000. Those with net worths between $250,000 and $500,000 typically are categorized as upper middle class. Those with net worths below $125,000 can be further broken down into working class to lower class

Still, the top 10% pay the large majority of taxes in the US.
where's the definition from?
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Old April 27th, 2006, 12:03 PM   #22 (permalink)
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^you'll probably learn the name of the group/company, then research them until you find some snippet of evidence that, with a huge stretch, ties them to a source/person who is either less than honest, incorrect, or extremely conservative.

(but i think its a wiki article)
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Old April 27th, 2006, 12:15 PM   #23 (permalink)
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where's the definition from?
Wiki, but if you ever fill out a census form it says the same thing. That's the commonly accepted definition, it's also what the Federal Reserve goes by.

http://federalreserve.gov/pubs/bulle...ancesurvey.pdf



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Old April 27th, 2006, 12:22 PM   #24 (permalink)
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Oh it says 'net worth' =D

So then what's the average income per year that each class makes?
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Old April 27th, 2006, 12:27 PM   #25 (permalink)
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Originally Posted by Brockocoli
^you'll probably learn the name of the group/company, then research them until you find some snippet of evidence that, with a huge stretch, ties them to a source/person who is either less than honest, incorrect, or extremely conservative.

(but i think its a wiki article)
When I do research people never have to stretch very far. Like that time I found out that "Whatever' scholarly journal someone quoted was run, owned, operated, and edited by a group of very neo-conservative gentlemen.
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