QUIZ: 3 Neighbors & Sam, the Snow-Removal Guy

3 neighbors - John, Sarah, & Barry - decide on November to hire a guy - Sam - as a group, to shovel their driveways for the winter. Sam says he'll do all 3 driveways for a total of $100.00 for the winter.

John says that his finances are good and that he'll chip in $90.00 (or, 90%).

Sarah says hers are okay and she'll chip in $10.00 (or, 10%).

Together John & Sarah tell Barry that he can pay $0 this year because he's having a tough time, but he can do more next year when he gets things turned around.

After the winter ends in March, Sam comes to the 3 neighbors and tells them that because they are such awesome customers and refer so many other people to his snow shoveling company (and generate so much biz for Sam), Sam wants to give them back $50.00.

Who should get the $50.00 and how much of it?

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Are you sure?





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ANSWER:

If you said John & Sarah - Then you should be voting for McCain.

If you said Barry - Then you should be voting for Obama.



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HERE'S WHY (the Explanation):


If you said John & Sarah - If you said that John & Sarah should get it, or that John should get 90% ($45) and Sarah should get 10% ($5), then you've correctly allocated the discounted cost to the people who paid the bill, and in the proportion that they paid the bill. You also think about money and investment and work-ethic the way most Americans do.

You may have also recognized that this is a fair representation of what happens in our current tax system - that the top 1/3 pays 90% of all USA taxes, that the next (middle) 1/3 pays only 10% of all USA taxes, and that the bottom 1/3 of Americans pay absolutely $0 taxes.

[Who are the top 1/3? Anyone/household who makes apx. $60,000 or more. Hey, you didn't think you were in the top 1/3 did you? You thought all those OTHER RICH PEOPLE were footin' the bill & were gonna have their taxes go up, but nooooo, it's YOU! BTW, the bottom 1/2 is anyone/household making $30,000 or less.]

If you said that John & Sarah should get it, then you shouldn't be voting for Barry (Obama) on November 4, 2008, because Obama wants to give the $50 to Barry the neighbor.

If you don't believe that that's Obama's plan, then you don't know what the EIC is, and you don't know that it's already happening - that Obama just wants to make it BIGGER. You may say, how can that happen, "Barry the neighbor never put any money into the kitty?"

Well, there's 2 things you should know:

1. This is already happening!!! It's called the EIC (Earned Income Credit), and it results in people who already get a FULL REFUND of their taxes getting an ADDITIONAL CHECK! It's a fancy word and creative tax code rule that Congress came up with instead of calling it welfare.

2. Barry (the name he went by before he started running for offices) Obama wants to INCREASE the EIC so that those who already pay nothing will get a BIGGER check from the IRS & those who have a small tax responsibility will pay nothing and get a check back too.

If you said the neighbor Barry should get the $50, or part of the $50 - Then, you should vote for Obama on November 4, 2008. But, you should also realize that this is a Marxist economic system and that the only reason that no one will use that term is because it would scare off most Americans (as it should).

Under this system, do you think a John or Sarah would ever agree to pay the way for a Barry again?

Under this system, does Barry have any incentive to get his financial situation "turned around" next year so that he can contribute to the kitty?


WANT TO CHECK THE FACTS/SOURCES? HERE THEY ARE:
http://www.ntu.org/main/page.php?PageID=6 - This has the clearest/simplest info.
http://www.irs.gov/pub/irs-soi/04in05tr.xls - scroll down on the XL spreadsheet to Line 170
http://www.taxfoundation.org/research/show/542.html
http://www.taxfoundation.org/taxdata/show/23248.html
http://en.wikipedia.org/wiki/Taxation_in_the_United_States