Election Lesson for today 11/9

In real life, some of those complaining would actually be the richest in the room. There is far more money on the left than there is on the right. Look it up. Hollywood, Buffet, Soros, Gates, Google, Apple, on and on.

This is a decent example, but a better one is the example of the lunch crowd from work and how it relates to taxes. For the benefit of those who haven't seen this:

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.

In this story we see a simplified version of the Federal Income Tax. According to an article in the “New York Times” 80% of the taxes are paid by 20% of the people highest income people. Any time you have a tax cut the people who are carrying the tax burden are going to get the money. The next time you hear of a tax cut and the media tells you that the wealthy are getting all the money, remember they are the ones paying the taxes. 

Well to lay out their honestly... I would be very mad. I have had friends use me in the past and heard about them talking about me like it was totally fine what they did. That right there tells you they are not really a friend.