How Our Tax System Works

An entertaining exercise came from a friend. It is credited to Dr. David R. Kamerschen. I am reproducing the same after adapting it to Indian Currency.Bar Stool EconomicsSuppose ten men go out every day for beer and the bill for all ten comes to Rs.1000.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 Rs.10.The sixth would pay Rs.30.The seventh would pay Rs.70.The eighth would pay Rs.120.The ninth would pay Rs.180.The tenth man (the richest)...

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This is why you pay taxes- to feed the criminals

Have you ever wondered where your taxes go ? Well now you may know …. they go to the jails and help the government to keep the criminals healthy, so that they can commit even more gruesome crimes and may be ultimately join the politics. I read this article on indiatimes (click here) and was shocked.It read like this “They are served bed-time tea at 6 am, followed by upma or pongal or gruel for breakfast. At noon, they are served 650 gm of rice with sambhar, butter milk and vegetables, which is followed by boiled peanuts...

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