It seemed that 10 men decided to have a business lunch once a week. They always met in the same restaurant and the bill was always, $100.00, for all 10 men. If each man was responsible for his share of the bill that would be, $10.00, each. The men decided to divide the bill based upon their ability to pay (using the progressive structure of the tax code). Using this formula the following payment arrangement was worked out based upon income.

Men 1-4 who made the least amount of money paid nothing.

Man 5 paid $ 1.00

Man 6 paid $ 3.00

Man 7 paid $ 7.00

Man 8 paid $12.00

Man 9 paid $18.00

Man 10 paid $59.00

After several weeks the owner of the restaurant told the men that because they were such good customers he was reducing the bill by $20.00. Their dilemma was how to divide up the, $20.00. If each person got the same amount then the first 4 men would be getting money back but they never paid anything for the dinners. After much discussion and no resolve the owner offered the following suggestion which they all agreed to.

Original Payment-New Payment-$ Amount Saved-% Saved

Men 1-4 paid $ 0.00 $ 0.00 $0.00 0%

Man 5 paid $ 1.00 $ 0.00 $1.00 100%

Man 6 paid $ 3.00 $ 2.00 $1.00 33%

Man 7 paid $ 7.00 $ 5.00 $2.00 28%

Man 8 paid $12.00 $ 9.00 $3.00 25%

Man 9 paid $18.00 $14.00 $4.00 22%

Man 10 paid $59.00 $50.00 $9.00 15%

Once outside the men began to argue about the settlement. Man 5 said he only got, $1.00, while Man 10 received, $9.00. Men 1-4 were upset because the received nothing. They said that the cut only benefited the rich and the poor got nothing. They were upset so they beat up Man 10 and left him. The next week they met for lunch as usual except man 10 did not show up. When the new bill arrived the men discovered that between them they did not have enough money to pay even half of the bill.

Remember take to much from the rich they will find a new and friendlier place to have lunch.

Obama says his income tax plan will lower taxes for 95% of Americans. There is just one problem with this, 40% of Americans already pay no income tax. Obama’s response to this is that these people pay Social Security tax. Well, that’s not income tax, but a contribution to their retirement plan. So if he wins and implements his tax plan, for the first time in the history of Social Security, 40% of the people who will get retirement benefits will have paid nothing for them. Social Security will then loose all pretext of being a retirement plan, and will become a national welfare program.

This will cause Social Security to lose public support in a massive way. Leave Social Security contributions out of income tax plans. If you take some peoples income taxes to pay others Social Security taxes, Social Security will be destroyed forever.

http://strategicthought-charles77.blogspot.com/2008/10/obamas-tax-plan-will-destroy-social.html

Actually they don’t stop making money, they just move to where there are lower taxes. The British Brain drain happened because Britain was taxing their best and brightest to much.

Many American corporations moved their operations to Ireland where the corporate tax rate is 1/3 of ours. Where did you ever get the idea that rich people tolerate staying in a place where they are getting fleeced?

Sure the poor shlub who makes less than 100 grand a year isn’t going to move overseas, but certainly big corporations and the top 1% who pay 40% of all income taxes can easily change domiciles and certainly will when the burden becomes unbearable.

I certainly will not be paying any increase in taxes by moving some of my company’s operations overseas. That’s what happens when a “fake” office is cheaper than increased taxes. I don’t mind paying my fair share, I certainly do mind paying your share.

More taxes = less money collected by the government (the Laver Curve)

More taxes in a recession or slowing economy = even a more slowing economy

I live in Md. Take a look at our state, taxes have increased and the state is 377 million in the whole. Obama will do to the country as O’Mailey has done to Md

Remember people spend / buy and sell more when taxes are low and they have more money in their pocket. This is not my opinion it is fact.

I agree with Jane, having to send a quarterly tax check in lieu of withholding would open taxpayers’ eyes.

THANXX !!!