"Bar Stool Economics."

"Bar Stool Economics."

 

 

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.

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

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Comment balloon 12 commentsJoe Petrowsky • February 20 2018 02:22PM

Comments

Morning Joe.

I guess that means I would get free beer.  Count me in

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) 2 months ago

There are all sorts of deductions that distort this...credits, depreciation etc. 

Posted by Edward Gilmartin (CRE) 2 months ago

I like this! Mind if I post it on Facebook, Joe?

Posted by Kathryn Acciari, RSPS, SRS, REALTOR(R) Sturbridge-Shrewsbury MA (Cameron Real Estate Group) 2 months ago

Good morning Joe - maybe when you explain it that way some people might understand this tax system.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) 2 months ago

That kind of explains our tax structure beery way!!!

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 2 months ago

I think you will find a better reception here to the bar stool tax explanation than Sarah Huckabee did at the white House 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) 2 months ago

Good morning Joe,

I would be stopping at the liquor store and go home after the first time.

I always think of: "It's a bird, its a plane no look it is the handful looking for the government to take care of the problem"!

Where is Superman when you need him!

Make yourself an astonishing day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) 2 months ago

Good morning Joe. The first nine see nothing wrong with that picture. Haha! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) 2 months ago

Good morning Joe. Funny but not. I hope you have a good and productive day.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 2 months ago

A great example of the idiocy of our taxation system.  But I'm ready for another beer regardless of whose buying!!!!!!!

Posted by David A. Weaver, 24 years helping folks finance their dreams. (Peoples Bank & Trust Co.) 2 months ago

As much money as I make the first round is on me. I can afford it and I don't mind paying my fair share.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 2 months ago

Well, the heaviest drinker can afford to pay it all. Because all he needs is your company ... cheers!

Posted by Deepak Chauhan MCNE®, Yes, I will sweeten the deal (Versailles Property) 2 months ago

Participate