The best explanation of the tax system around…

- September 24th, 2012

It’s ostensibly about the US system, but it works fine for the Canadian one, too.

And – bonus! – it involves beer.

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.

So, that’s what they decided to do..

Go read the rest…

Categories: Economy

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