Comments on: How Taxes Really Work

By: links for 2007-01-18 » Whatever’s Interesting

links for 2007-01-18 » Whatever’s Interesting — Thu, 18 Jan 2007 18:47:06 +0000

[...] How Taxes Really Work (tags: Finance Taxes Government U.S.A.) [...]

By: twins15

twins15 — Thu, 18 Jan 2007 07:58:42 +0000

Interesting stuff!

By: Tom

Tom — Wed, 17 Jan 2007 18:27:46 +0000

Actually, if we’re really modeling the tax system, the richest guy, while paying $59 of the original check, has a guy whose only job is to find each and every coupon and deal the restaurant offers and gets a large chunk of the money right back. The second and third richest guys don’t have a guy to find _all_ the coupons, but they can find a few, reducing their cost somewhat. The coupons don’t help the rest of the guys, as all the coupons are of the form “take X off your portion of the bill that is greater than $5″.

By: Erik

Erik — Wed, 17 Jan 2007 17:26:02 +0000

No, this isn’t how it would work. When the tax reduction is put into play, it would be as a “credit” which would pay the first four $3 each, the fifth and sixth $2 and the seventh, eighth and nighth $1.33 each, and the tenth would receive no more HOWEVER… due to the increased paperwork, the tenth would have to pay his tax accountant more so he ends up loosing anyway.

By: pfadvice

pfadvice — Wed, 17 Jan 2007 15:29:34 +0000

Yes, that is where I linked “author is unknown”

By: Nigel

Nigel — Wed, 17 Jan 2007 15:25:26 +0000

http://www.snopes.com/business/taxes/howtaxes.asp