The Progressive Income Tax A Tale of Three Brothers
Once upon a time, there were three brothers, triplets, named tom, dick, and harry class.They were raised in the same home, with the same parents, had the same iq, same skills and same opportunities.Each was married and had two children.They were all carpenters making $25 per hour.While they were very similar in all these respects, they had different priorities.For example, tom, chose to work 20 hours per week, while his brother, dick worked 40 hours and harry 60.It should also be noted that harry's wife worked full time as an office manager for a salary of $50,000.
Dick's wife sold real estate part time 10 hours a week and made $25,000 per year.Tom's wife did not work.Tom and dick spent all of their family income.Since they paid into social security they figured, they didn't need to save for retirement.Harry and his wife, on the other hand, had, over many years, put away money each month and invested it in stocks and bonds.Here's how it worked out tom made $25,000 a year, dick and his wife made $75,000 and harry and his wife, $150,000.
When a new housing development opened up in their community, the brothers decided to buy equallypriced homes on the same private street.One day the brothers decided to pool their funds for the purpose of improving their street.Concerned about crime and safety, and wanting a more attractive setting for their homes, the three families decided to install a security gate at the street's entrance repave the street's surface and enhance the lighting and landscaping.The work was done for a total cost of $30,000.Harry assumed they would divide the bill three ways, each brother paying $10,000.
But tom and dick objected.Why should we pay the same as you they said.You make much more money than we do.Harry was puzzled.What does that have to do with anything he asked.My family makes more money because my wife and i work long hours, and because we have saved some of the money we've earned to make additional money from investments.Why should we be penalized for that harry, you can work and save all you like tom countered.But my wife and i want to enjoy ourselves now, not 25 years from now..
fine, tom.Do what you want.It's a free country.But why should i have to pay for that i can't believe your being so.Unbrotherly, tom argued.You have a lot of money and i don't.I thought you'd be more generous.At this point, dick, the peacemaker in the family, entered the conversation.I've got an idea, dick said.Our combined income is $250,000, and $30,000 is 12 percent of that amount.Why don't we each pay that percentage of our income under that formula, tom would pay $3,000,.
I would pay $9,000, and harry would pay $18,000.I have a much better idea, said tom.And one that's fairer than what you're proposing.Dick and harry turned to tom.Harry should pay $23,450 dick, you should pay $6,550 and i will pay nothing.To dick this sounded completely arbitrary, and not really fair.But it did have one big plus.His share would be $2,450 less under tom's formula than under his own.So, he decided to be silent.Harry, however, was stunned.You want me to pay almost 80 of the bill despite the fact that.
Each of us is receiving the exact same benefits where did you get such a crazy idea from no less an authority than the u.S.Government, tom responded, as he pulled out a gray booklet.It's all right here in the irs tax tables.This is the progressive income tax system all u.S.Taxpayers live under, and i don't see we should be any different.In fact, i believe all future improvements should be paid in this way.Works for me, said dick.So, by a vote of two to one, the cost of the street improvements.
Top 40 Small Business Ideas in India for Starting Your Own Business
Watch full tutorial for 40 small business ideas in india nowadays the younger generation is always running to find something new and especially wanting to become entrepreneurs they have the power and energy which is the key for them opening the hidden doors to success here we come with 40 best small business ideas in india that would help people to explore something new one a small gift store starting your own gift store can be one of the best small business ideas today there is a great demand for buying wedding gifts.
Birthday gifts etc interior planner today everyone wants to get their dream old so interior designing is on high demand if you have creative skills then you could pick up this one from the wide collection of best small business ideas in india three wedding planner matchmaker wedding is the most special event for everyone's life so getting the perfect match is very important being a matchmaker you can feel proud knowing that you can bring happiness to one's life for coaching classes are you confident as a good teacher.
Then it's time to start your own coaching class 5 stationery shop buying stationaries is a necessity so a stationary shop can be a good idea to start with exploring the best small business ideas in india six grocery shop similar to buying stationaries grocery is also a must to lead life you can easily begin a new grocery store earning some good money 7 mobile food stalls today everyone leads a fast life a mobile food stall will help people to enjoy delicious foods anytime anywhere aight mobile shop mobile is a must in today's busy life.
There for a mobile recharging shop can help you to get some good earnings with a small investment nine jewelry designer jewelry is at an alltime demand and with increasing prices of gold jewelry making is a good option for you ten bookstore book lovers would love to visit your store that would be your great achievement 11 yoga institute yoga is becoming popular nowadays starting a yoga institute with good trainers would require a small investment but give you big profits well freelance photography at any event photography is the only way to captivate.
The sweet moments freelancers are on high demand and it can be a golden opportunity for you 13 computer store home or office computers are operated everywhere so why not start a computer store that's the smartest option among the best small business ideas in india 14 security detective agency getting the right security would make life more beautiful so you can start a security or detective ages the at your ease 15 real estate consultant buying or selling a home is a common thing today being a real estate agent or consultant.
You can earn good money providing proper services 16 travel agency who doesn't love to travel a travel agency would be a killer idea if you are confident enough to organize tours officially 17 babysitting today working moms face problems to manage their tots handling it in a professional way would help you to realize how good it works 18 catering store people would always become foodie when you serve the lipsmacking dishes a catering store can help you to make good profits in the long term 19 xerox and bookbinders students are always in search of xerox shops.
We know that simple to start you need a xerox machine and some other things to start your business money jim's both men and women today are always looking out for some workout sessions gyms are the best way to get good business for sure 21 freelancing you may be a web designer web developer or an seo expert you can easily start your freelancing business via the web sites a revealing the real meaning of the best small business ideas in india 22 computer training institutes airs today have become crazy to get their.
Kids basic computer training institute with the perfect setup can become beneficial for you 23 game parlor new generation today is really crazy to go for exciting games go with your game parlor earning good profits 24 career agency today people depend on courier agencies delivering personal items right to their addresses either you can merge your company with an existing one or you can get your own 25 hr consultancy everyone today wants to get a good job you can easily tie up with some mn seas running your recruitment firm.
26 blogging are you capable of generating good content then you can start an online blog earning a handsome income 27 advertisement agency it's an evergreen business and once you start this you don't have to look back when he ate fast food shop make some good arrangements for hungry people people today field it is easy to buy fast foods and you can run your fastfood perler getting huge profits 29 resume writing we all know a good resume is the face of your career so right now providing professional resume writing services is on high.
Demand 30 seo consultant as a business person every entrepreneur wants to get more traffic online so as an seo expert you can begin your business 31 data entry services it's a big opportunity to start your business with data entry services and easy to do business with high earnings 32 curio shop and takes today are of high demand you can have a great chance to earn a good income starting your own curiel shope 33 web design and hosting have you worked for an it company then this one is the best option for you 34.
Second hand auto dealer buying resale cars today comes out as a common concept so you can open your own showroom with resale bikes and cars 35 motivational speaker can you speak well if yes then become a motivational speaker and earn a good income 36 relaxation spa parlor after a busy day scheduled relaxation is quite a good option one needs if you are skilled enough you can go for this option 37 packers and movers if you have good man power you can think about this one 38 insurance consultant if you have good marketing skills you can easily convince.
People by running a good insurance consultant agency ' gary and sweet shop sweet is a must for any type of event so why not go for this excellent idea and forty event management manpower is the main requirement here if you have that go ahead confidently thanks for watching hope you liked the tutorial subscribe to our young entrepreneur channel for more tutorials about business startup and selfimprovement also explore 200plus mega collections of the best small business ideas in india you can easily get the download link in the tutorial.
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