Litigation

Bar Stool Economics (A commentary on the American tax system)

By Tracy Coenen

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. (more…)

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Full post as published by The FRAUDfiles Blog on April 04, 2008 (boomark / email).