http://www.rightblognews.com/2008/03/08/tax-cuts-and-rebates-explained-using-drinks/ Sun, 05 Sep 2010 23:35:02 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.rightblognews.com/2008/03/08/tax-cuts-and-rebates-explained-using-drinks/comment-page-1/#comment-75 » Tax Cuts and Rebates Explained Using Drinks Sat, 08 Mar 2008 18:40:47 +0000 http://www.rightblognews.com/2008/03/08/tax-cuts-and-rebates-explained-using-drinks/#comment-75 [...] Small Business Trends wrote an interesting post today onHere’s a quick excerpt Let’s put tax cuts in terms everyone can understand. Suppose that every day, 10 men go out for beer and the bill for all 10 comes to $100. If they paid their bill the way we pay our taxes, using the “progressive” tax formula, the billing would go 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, the ma [...] [...] Small Business Trends wrote an interesting post today onHere’s a quick excerpt Let’s put tax cuts in terms everyone can understand. Suppose that every day, 10 men go out for beer and the bill for all 10 comes to $100. If they paid their bill the way we pay our taxes, using the “progressive” tax formula, the billing would go 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, the ma [...]

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