posted 04-15-2004 08:42 PM         

Even someone from the University of Georgia can figure this one out!

This is an economics lesson for all and well worth the read.

Sometimes Politicians can exclaim; "It's just a tax cut for the rich!", and it is just accepted to be fact. But what does that really mean? Just in case you are not completely clear on this issue, we hope the following will help. Please share this with your friends as you see fit.
Tax Cuts - A Simple Lesson In Economics
(This is how the cookie crumbles. Please read it carefully. )

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.
The tenth man (the richest) would pay $59.

So, 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.

"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. 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 each 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, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33% savings).
The seventh now paid $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

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. He pointed to the tenth man "but he got $10!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more 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. The 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 dinner, so the nine sat down and ate 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!

posted 04-15-2004 08:55 PM         

John Kerry, man of the common folk.... he understands your pain, really... trust him - lol, yeah - right

The many homes of Democrat Presidential candiate, John F. Kerry.
Fox Chapel, Pennsylvania (Assessed value: $3.7 million)

Ketchum, Idaho ski getaway/vacation home (Assessed value: $4.916 million)

Washington, D.C - Georgetown area (assessment: $4.7 million)

Nantucket, Massachusetts waterfront retreat on Brant Point (Assessed value: $9.18 million)

Boston, Massachusetts - Beacon Hill home (Assessed value: $6.9)

oh, and he sold this estate in Italy to activist actor George Clooney, just before announcing his running for president. I guess he thought it might not sit well with the common man. ($7.8 million)

other foreign property ownership by John Kerry is unknown... because he denied repeated requests for this information.


Please e-mail this information to all your friends, family and contacts.

Class warfare is not right, but neither is being a hypocrite. This man wants to be our president, while claiming that he relates to Joe-6-pack and the common man! He wants to raise income taxes on the rich, well, guess what? He won't pay those taxes because he is already rich! He wants to make it harder for you to get rich by raising taxes on your income! Talk about snobbery and protecting his "class."