Tuesday, November 16, 2010

Tax System Explained in Plain English

I got this story from Darwin. It's definitely an eye opener...
 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? The paying customers? 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 everybody’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.
How true! ^_^

Friday, October 29, 2010

My New Journal

When going to the Mall the other day with my friend, I mentioned in the passing that I am looking for a new journal, just to write my thoughts down. There was none that I liked at the time, so I didn't buy any.

Since then, Chris and I have been going to stores looking for the "perfect journal" (or at least a "good enough journal"), but everything was either too expensive or just not good enough for the purpose I have in mind.

And today.. voila! My friend called me and gave me a brand new cute journal. Wowww... It's so cute, too! This is exactly what I was looking for.




Thanks, Jen!

Wednesday, October 27, 2010

On Lying..

Lifehacker shows up with an article titled "How to Be an Effective Liar".

One comment cracks me up..
When I was a kid, I learned pretty quickly that the best way to lie is to tell the truth, but embellish it so much that it won't be believed.  
"Did you have a party while your mother and I were gone?"  
"Oh yeah! You missed out. It started out fairly small, but by the end, E! News showed up and the Goodyear blimp did a couple of flyovers. Luckily, Martha Stewart got the ankle tracker off, so she came out and helped us clean up afterwards. I'll make sure we take pictures next time."
Hahaha.. ^_^

Monday, October 18, 2010

On Typing...

Does people realize that:
1. misspelling a word makes them look uneducated, and
2. using shorthand in emails makes them look 5
??

Emails are NOT telegrams! You cannot save money by typing less characters in your emails, people! (I can understand if it's in SMS).

Ugh! (Just have to vent...) >_<

Thursday, September 30, 2010

Looking Forward to Vacation

After debating and thinking over about where to go for our vacation this year, Chris and I finally decided to go to Mexico. The place looks great, and the price is reasonable too, because we are going when people are coming back to work.


Ahhh.. I can't wait for January to be here...

Thursday, July 29, 2010

When You're Wrong

I love this song from "Paws and Tales". It's called When You're Wrong (You're Wrong). Listen to the chorus lines:

When you're wrong, you're wrong
No, you really can't deny it
When you're wrong, you're wrong
You can try and modify it
But you're wrong and all along
You think no good could come about
From it being pointed out

But when you're wrong, you're wrong
So we knew we should admit it
But we didn't quit the fight
There's no need to complicate it
There's no other way to state it
If you say that we were wrong
You would be right

When you're wrong, you're wrong
Learn your lesson and apply it
When you're wrong, you're wrong
You just got to humble pie it
When you're wrong, and we were wrong
But now we know it's good advice
For us to stop and recognize

That when you're wrong, you're wrong
So if ever you're corrected
You should not put up a fight
Simply learn to take direction
Without raising an objection
And instead of being wrong
You will be right

What a wonderful lesson. And of course, it's easier to sing it than to apply it. >_<

Tuesday, July 27, 2010

On a Monday Afternoon

Monday, 4.30 PM

Me: (shutting down computer)
My boss's boss: (walk past my cube, look at my bag, look at his watch)
Me: (but.. but.. )
My boss's boss: (keep walking..)
Me: (.. I came in early this morning...)
My boss's boss: (not even in my sight anymore)
Me: (...)
My inner self: Uhm.. can I leave now?

Monday, July 19, 2010

Exercising...

After not exercising for quite some time (uhm.. years..), I decided to join the Core Crew meetings in the office. It's only twice a week, 30 minutes each. Really, it's not that long. How hard could it be?

5 minutes into the class:
Me:  I.. ugh.. can't... ugh.. do.. ugh.. this.. ugh...
Instructor: Of course you can, you are doing great!
Me: I.. ugh.. feel.. ugh.. like.. ugh.. dying.. ugh..
My "neighbour": Yeah, I think I'd rather be fat.

My feelings exactly!