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Subject:  How tax cuts "work" Date:  10/23/2004  2:09 AM
Author:  acm4tax Number:  73854 of 124474

If you have any friends or relatives that don't understand how tax cuts
"work" they might benefit from this explanation.

Tax Cuts Explained

Let's put tax cuts in terms that everyone can understand. Suppose that
every day, ten men go out for dinner. The bill for all ten comes to
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 $7.
The eighth $12.
The ninth $18.
The tenth man (the richest) would pa