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I also love this.

[FONT=&quot]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... [/FONT]
[FONT=&quot]* 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 [/FONT]
[FONT=&quot]So, that's what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement; until one day the owner threw them a problem.
"Since you are all such good customers," he said, "I'm going to reduce the cost of your daily beer by £20." Drinks for the ten now cost just £80.
The group still wanted to pay their bill the way we pay our taxes.
So the first four men were unaffected. They would still drink for free.
But what about the other six men? The paying customers? How could they divide the £20 windfall so that everyone would get his fair share?
They realised that £20 divided by six is £3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. [/FONT]
[FONT=&quot]* And so the fifth man, like the first four, now paid nothing (100% savings)
* The sixth now paid £2 instead of £3 (33% savings)
* The seventh now pay £5 instead of £7 (28% savings)
* The eighth now paid £9 instead of £12 (25% savings)
* The ninth now paid £14 instead of £18 (22% savings)
* The tenth now paid £49 instead of £59 (16% savings) [/FONT]
[FONT=&quot]Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
"I only got a pound out of the £20," declared the sixth man. He pointed to the tenth man, "But he got £10!"
"Yeah, that's right," exclaimed the fifth man. "I only saved £1 as well.
It's unfair that he got ten times more than I!" "That's true!!" shouted the seventh man. "Why should he get £10 back when I got only £2? The wealthy get all the breaks!"
"Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!"
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they
discovered something important. They didn't have enough money between all of them for even half of the bill!
And that is how our tax system works. [/FONT]
[FONT=&quot]The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just
may not show up any more. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible
Now who's round is it ?????[/FONT]
 
I believe its pretty well proven that we would be in a much better financial position as a nation if we upped the GST to 20% and abolished income tax

That's what should happen, but it wont unfortunately.
 
Should..... But wont.

I can only imagine how hard it would be to change when your so deep in the current format.
 
I believe its pretty well proven that we would be in a much better financial position as a nation if we upped the GST to 20% and abolished income tax

That's what should happen, but it wont unfortunately.

Vote Liberal Democrat and you get a step closer
 
yes I am still laughing about zero income tax.

I wonder what the sales tax rate would be without income and company tax?
 
yes I am still laughing about zero income tax.

I wonder what the sales tax rate would be without income and company tax?

That's a good point. Most educated people think the GST should be raised at the moment, even with our current income and company tax rates.

Any thoughts [MENTION=8399]0ni[/MENTION] ?
 
but you can guarantee, even with a high sales tax, the whingers will start calling for a cut to that too.

but, I acknowledge, our income and company tax take is high, but overall level low
 
anyway, just vote liberal democrat. he or they have all the answers.

just get govt out of the way, and all will fall into place. :D
 
That's 70% of Gov revenue to come from sales tax [MENTION=8399]0ni[/MENTION]

'D
 
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