[Top] [All Lists]

Fwd: No LBC - Our Tax System

To: spridgets@autox.team.net
Subject: Fwd: No LBC - Our Tax System
Date: Fri, 28 Jun 2002 22:33:57 -0400 (EDT)
Cc: midgetsprite@yahoogroups.com
Way off topic, but some food for thought?

Cap'n. Bob
    '60 :{)  
Received: from smtpin-2205.public.lawson.webtv.net ( by
  storefull-2172.public.lawson.webtv.net with WTV-SMTP; Tue, 25 Jun 2002
  16:29:42 -0700 (PDT)
Received: from DSSVR.dsdomain.degnan-shlafer.com
  ( []) by
  smtpin-2205.public.lawson.webtv.net (WebTV_Postfix+sws) with ESMTP id
  7D62CFE5F for <pilotrob@webtv.net>; Tue, 25 Jun 2002 16:29:41 -0700
Subject: Our Tax System
Date: Tue, 25 Jun 2002 19:29:16 -0400
Disposition-Notification-To: "Rich Shlafer"
content-class: urn:content-classes:message
Thread-Topic: Our Tax System
Thread-Index: AcIcqLYeA9i3suVhR6Cazh90nlGzlA==
From "Rich Shlafer" <rshlafer at degnan-shlafer.com>
To: "Robert Shlafer (E-mail)" <pilotrob@webtv.net>

The following is one of the best explanations I have heard of that
really puts our system into perspective that we need everyone in the US
to understand.  Here it goes:
TAX INFO. 101 -



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

they benefit the rich. The rich get much more money back than ordinary

taxpayers like you and me and that's not fair.""But the rich pay more in

first place," I argued, "so it stands to reason that they'd get more

back."I could tell that my friend was unimpressed by this meager

Even college instructors are a prisoner of the myth that the "rich"

get a free ride in America. Nothing could be further from the

put tax cuts in terms everyone can understand. Suppose that every day

men go to a restaurant for dinner. The bill for all ten comes to $100.
If it

was paid the way we pay our taxes, then it would go like this:


The first four men would pay nothing; the fifth would pay $1; the sixth

would pay $3; the seventh $7; the eighth $12 and the nineth $18. The

man (the r! richest) would pay $59.The 10 men ate dinner in the

every day and seemed quite happy with the arrangement until the owner

them a curve. Since you are all such good customers, he said, I'm going

reduce the cost of your daily meal by $20.

Now dinner for the 10 only costs $80. The first four are unaffected.

still eat for free. Can you figure out how to divvy up the $20 savings

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

share, then the fifth man and the sixth man would end up being paid to

their meal.

The restaurant owner suggested that it would be fair to reduce each

bill by roughly the same amount, and he proceeded to work out the

each should pay. And so now the fifth man paid nothing, the sixth
pitched in

$2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving

tenth man with a bill of $52 instead of $59.

Outside the restaurant, the men began to compare their savings. "I only

dollar out the $20," complained 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

$2? The wealthy get all the breaks!""Wait a minute," yelled the first

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 the 10th man didn't show up for dinner, so the nine sat

and ate without him. But when it came time to pay the bill,they

something important. They were $52 short! And that, boys, girls and

instructors, is how America's 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

may not show up at the table any more.

There are lots of good restaurants in Switzerland and the Caribbean or

better know as "tax havens countries."


Richard M.Shlafer,CPA
Partner in Charge of Tax Services
Degnan & Shlafer, CPAs
8825 Perimeter Park Boulevard, Suite 303
Jacksonville, FL 32216-1112
Tel 904-398-7893
Fax 904-399-1540
 <http://www.degnan-shlafer.com/> www.degnan-shlafer.com


[demime 0.97c removed an attachment of type image/jpeg which had a name of 
Clear Day Bkgrd.JPG]

///  unsubscribe/change address requests to majordomo@autox.team.net  or try
///  http://www.team.net/mailman/listinfo
///  Archives at http://www.team.net/archive/spridgets

<Prev in Thread] Current Thread [Next in Thread>
  • Fwd: No LBC - Our Tax System, Unknown <=