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Volume II
June 30, 2006


Tax Refunds, Explained

If you don't understand our governments' version of tax refunds (and you are not alone), maybe this will help explain it:

50,000 people go to a baseball game, but the game was rained out. A refund was then due. The team was about to mail refunds when Congressional Representatives stopped them and suggested that they send out refund amounts based on their interpretation of fairness. After all, if the refunds were made based on the price each person paid for the tickets, most of the money would go to the ticket holders of the most expensive tickets. That would be unfair and unconscionable.

People in the $10 seats will get back $15, because they have less money to spend. Call it an "Earned Income Ticket Credit." However, this is a misnomer because people in these seats don't "earn" the credit at all. Rather, they qualify simply because it is concluded that they must need the money since they purchased an entry level ticket.

People in the $25 seats will get back $25, because that's only fair.

People in the $50 seats will get back $1, because they already make a lot of money and don't need a refund. After all, if they can afford a $50 ticket, then they must not be paying enough taxes.

People in the $75 luxury seats will have to pay another $50, because they have way too much to spend.

The people driving (or walking) by the stadium who couldn't afford to watch the game will get $10 each, even though they didn't pay anything in, because they need the most help.

Now do you understand? If not, contact your local Representative for assistance.



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