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Jon Wright
Lived in Lenoir, NC
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Jon Wright

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"People, keep on learning"﻿
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Jon Wright

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and that's why I bought mine second-hand from the school bookstore
Sascha Pallenberg originally shared:

hehe ;)﻿
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Jon Wright

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Taxation explained, with beer!

THE TAX SYSTEM EXPLAINED IN 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..

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. "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 men would 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 ? How could they divide the \$20 windfall so that everyone would get his fair share?

They realized that \$20 divided by six is \$3.33. But if they subtracted that from every body'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 a higher percentage the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

And so the fifth man, like the first four, now paid nothing (100% saving).
The sixth now paid \$2 instead of \$3 (33% saving).
The seventh now paid \$5 instead of \$7 (28% saving).
The eighth now paid \$9 instead of \$12 (25% saving).
The ninth now paid \$14 instead of \$18 (22% saving).
The tenth now paid \$49 instead of \$59 (16% saving).

Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

"I only got a dollar out of the \$20 saving," 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 a dollar too. It's unfair that he got ten times more benefit than me!"

"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. This new tax 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 their 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, boys and girls, journalists and government ministers, is how our tax system works. The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics.

For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible .﻿
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On the international side, that was my focus in my tax law program. It's not as easy as you think. Merely governing the business from the Caymans wouldn't keep it tax free. Are there employees here in the states? If so, then pay taxes. Is the CEO and American Citizen or green card holder, or did he spend more than 183 days in the US? If so, then he has to pay higher US taxes on all of his income than the average American would. The real trick isn't to govern from overseas, it's to have all of the money go overseas while you stay here, then lobby congress to have repatriation holiday to get the money back in the states. (see Google, GE, BoA)﻿
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Lenoir, NC - Near Knoxville
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One lap equals 398.9 meters, roughly 1/4 mile. It's a decent park, would be nicer if locals had the decency to clean up after their dogs and quit leaving trash laying around, but I've learned not to expect much in this town. I have no clue what the picture of a guy on a horse has to do with anything, I've not seen any stables nearby.
Public - a year ago
reviewed a year ago
I eat here about once per week. The gyros are just as good any I've gotten overseas. Nice portions too.
Food: ExcellentDecor: Poor to fairService: Very good
Public - a year ago
reviewed a year ago
Don't go if you're in a hurry.
Food: Very goodDecor: Very goodService: Poor to fair
Public - a year ago
reviewed a year ago
The street view picture is out of date, don't be fooled as the renovations have long been completed.
Public - a year ago
reviewed a year ago
8 reviews
Great food but the waitstaff isn't very bright. They apparently hire by looks, not ability.
Food: ExcellentDecor: ExcellentService: Good
Public - a year ago
reviewed a year ago
Your typical small town diner. It doesn't look like much but the lady that runs it is nice and the is better than some fast food joint.
Food: ExcellentDecor: GoodService: Very good
Public - a year ago
reviewed a year ago
They lied and claimed to be the Holiday Inn over the phone.
Quality: Poor to fairFacilities: Poor to fairService: Poor to fair
Public - a year ago
reviewed a year ago