Daily Archives: December 11, 2019

An Easy Explanation Of The Progressive Tax System – A Parable

Suppose that once a week, 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.
 And the tenth man (the richest) would pay £59.   So, that’s what they decided to do.   The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the […]