On Wed, 24 Mar 2004 10:39:18 -0500, Brian Duncombe <brian-
[log in to unmask]> wrote:

>Tax cuts - How they really work
>
>Sometimes politicians can exclaim; "It's just a tax cut for the rich!",
.....
                  Tax Cuts - A Simple Lesson In Economics
>Let's put tax cuts in terms everyone can understand. Suppose that every
>day, ten men go out for dinner. 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 $7.
>   The eighth $12.
>   The ninth $18.
>   The tenth man (the richest) would pay $59.

Well lets round out the picture a bit to not only who
pays what but who gets what in terms of wealth
distribution. The stats I have are broken into five
parts so will have to go by twos

The first two men get to eat 3.6% of the food
The third and forth get to eat 8.9% of the food
The fifth and six get eat 14.8% of the food
The seventh and eighth eat 23% of the food
The last two eat 49.6%

>"I'm going to
>reduce the cost of your daily meal by $20."
....
>The group still wanted to pay their bill the way we pay our taxes.

But there across the board tax cut in W's plan. The
recent tax cuts would effect tax rates in two ways.
First it would cut the top rate from 38.6% to 35%.
That's the only rate that gets cut, the top one.

Not only that, but other changes are meant to expand
the number that pay the minimum 10%. Essentially this
is a tax increase on the poorest Americans.

Figures don't lie, but liars can figure. You can make
the numbers look anyway you want. Whats fair to you
depends on where you are in the stats.

Jerry Finn, Madrid.

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