As a tax accountant, I find that it is time again to start thinking about filing income tax returns. As is our wont, tax accountants, with a little dark humor, enjoy tax-related jokes and stories. I’m no exception to this quaint rule of thumb.
While perusing Facebook the other day, I came across a cheery little story that has a ring of truth to it. In a novel way, it explains the U.S. income tax system rather vividly by employing the use of a commodity: beer.
Rather than sit here and bore you, dear readers, with paragraphs explaining lines and columns of tax schedules and forms, I find myself wanting to share this story with you. It is a story about the tax system, based on beer, I found this on another blog. I hope you enjoy it as much as I did and, for some of you (you know who you are), I hope that a lesson might be learned.
The Tax System Explained in Beer
By admin | Published: January 12, 2012
Suppose that every day, ten men go out for a 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.
Read the rest of this story by clicking here.