Tax Refund Explained
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Tax Refund Explained

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    Senior Member Big Warlock's Avatar
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    Default Tax Refund Explained

    Subject: Tax refund explained


    If you don't understand the Democrats' version of tax refunds, maybe this will help explain it:



    50,000 people went to a baseball game, but the game was rained out. A refund was then due.

    The team was about to mail refunds when a group of Congressional Democrats stopped them and suggested that they send out the ticket refunds based on the Democrat National Committee's interpretation of fairness.

    Originally the refunds were to be paid based on the price each person had paid for the tickets. Unfortunately that meant most of the refund money would be going to the ticket holders that had purchased the most expensive tickets. This, according to the DNC, is considered totally unfair. A decision was then made to pay out the refunds in this manner:

    People in the $10 seats will get back $15. After all, they have less money to spend on tickets to begin with. Call it an "Earned Income Ticket Credit." Persons "earn" it by having few skills, poor work habits, and low ambition, thus keeping them at entry-level wages.

    People in the $25 seats will get back $25, because it "seems fair."

    People in the $50 seats will get back $1, because they already make a lot of money and don't need a refund. After all, if they can afford a $50 ticket, they must not be paying enough taxes.



    People in the $75 luxury box seats will each have to pay an additional $25 because it's the "right thing to do".

    People walking past the stadium that couldn't afford to buy a ticket for the game each will get a $10 refund, even though they didn't pay anything for the tickets. They need the most help. Sometimes this is known as Affirmative Action.



    Now do you understand?

    If not, contact Representative Nancy Pelosi, Senator Harry Reid, Senator Ted Kennedy or Senator Hillary Clinton for assistance.





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  3. #2
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    Quote Originally Posted by Big Warlock View Post
    Subject: Tax refund explained


    If you don't understand the Democrats' version of tax refunds, maybe this will help explain it:



    50,000 people went to a baseball game, but the game was rained out. A refund was then due.

    The team was about to mail refunds when a group of Congressional Democrats stopped them and suggested that they send out the ticket refunds based on the Democrat National Committee's interpretation of fairness.

    Originally the refunds were to be paid based on the price each person had paid for the tickets. Unfortunately that meant most of the refund money would be going to the ticket holders that had purchased the most expensive tickets. This, according to the DNC, is considered totally unfair. A decision was then made to pay out the refunds in this manner:

    People in the $10 seats will get back $15. After all, they have less money to spend on tickets to begin with. Call it an "Earned Income Ticket Credit." Persons "earn" it by having few skills, poor work habits, and low ambition, thus keeping them at entry-level wages.

    People in the $25 seats will get back $25, because it "seems fair."

    People in the $50 seats will get back $1, because they already make a lot of money and don't need a refund. After all, if they can afford a $50 ticket, they must not be paying enough taxes.



    People in the $75 luxury box seats will each have to pay an additional $25 because it's the "right thing to do".

    People walking past the stadium that couldn't afford to buy a ticket for the game each will get a $10 refund, even though they didn't pay anything for the tickets. They need the most help. Sometimes this is known as Affirmative Action.



    Now do you understand?

    If not, contact Representative Nancy Pelosi, Senator Harry Reid, Senator Ted Kennedy or Senator Hillary Clinton for assistance.




    Or you you could consider the Republican version where nobody gets a refund

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    Senior Member Big Warlock's Avatar
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    Default Better???

    Bar Stool Economics


    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. He said, "Since you are all such good customers, I'm going to reduce the cost of your daily beer by $20. Drinks for the ten 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 realized that $20 divided by six is $3.33.
    But if they subtracted that from everybody's share, then the fifthman 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 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 pay $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 drink 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 I!"

    "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 drinks, so the
    nine sat down and had 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 college professors, is how our 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 any more. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.


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    Senior Member Roaddogg 4040's Avatar
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    This is priceless!!! Can't wait 'til the Demo's take over and we get the new tax system going.....

    Steve

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    Senior Member Big Warlock's Avatar
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    unfortunately many people on these boards won't get it nor believe it.

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    This is very real and is happening right now. Please if you do not understand this either read it over and over until you do, or find someone who can explain it to you.

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