TAXES & HOW THEY WORK IN THE USA
THIS SHOULD BE REQUIRED READING FOR ALL SCHOOL KIDS FROM JR HIGH THROUGH COLLEGE
Sometimes politicians, journalists and others 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, I hope the
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The tenth (richest) man went back and hired the four poorest to grow his food and cook and serve him his meals.
One of them refused and made his home on the beach with his feet up in the sand, begging for handouts to feed himself and his family, leaving only the three left now to do the work of five.
The rich man sat in a plush chair, also with his feet up and watched the three labor to exhaustion, sweat, and starve on his leavings, ignoring their children's cries of hunger or sickness, the misery and panic in their eyes...
Sensationalism!
Also-- more economics for you:
The first four men (the poorest) would pay nothing.
The fifth would pay $1. (2.5% of his income- couldn't get out to eat often, could he?)
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. (conservatively, . ( ... )
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And that's a whole 'nother discussion--opportunities.
Born with a rich (haughty) father and a poor (ahem) mother long gone their separate ways, I'm well--forgive my monetary confusion. I guess I'm bi-fiscal.
Really, I enjoyed reading your blog. Thanks.
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