Friday, November 3, 2017

Current Tax System Analogy and Why Reform is Necessary

“Suppose that every day, 10 people — for our purposes, we’ll say reporters — go out for beer, and the bill for all 10 comes to $100,” Sanders said.

“If these 10 reporters paid their tab every night the way we pay our taxes, it would go something like this: first four, 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, the richest, would pay $59. So that’s what they decided to do.”

___It should be obvious - except to progressives - that those who currently pay the most will benefit the most, but not percentage-wise. All who pay will benefit. For those who pay nothing now, it is hard to pay less than nothing - except for no earnings tax credits! Many currently get paid by the government and pay nothing in return.

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