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Economic Stimulus Plan Explained
This is a great explanation of the tax rebate program recently enacted by Congress.
If you don't understand how it will work maybe this explanation will help:
50,000 people went to a baseball game , BUT the game was rained out.
A refund was then due to the ticket holders.The team was about to mail refunds when a group of Congressional Democrats stopped them and suggested that they send out the ticket refunds based on the Democrat National Committee's interpretation of fairness.
Originally the refunds were to be paid based on the price each person had paid for the tickets. Unfortunately that meant most of the refund money would be going to the ticket holders that had purchased the most expensive tickets. This, according to the DNC, is considered totally unfair.
A decision was then made to pay out the refunds in this manner:
People in the $10 seats will get back $15. After all, they have less money to spend on tickets to begin with. Call it an 'Earned Income Ticket Credit.' Persons 'earn' it by having few skills, poor work habits, and low ambition, thus keeping them at entry-level wages.
People in the $25 seats will get back $25, because that only seems 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, they must not be paying enough taxes. People in the $75 luxury box seats will each have to pay an additional $25 because it's the 'right thing to do'.
People walking past the stadium that couldn't afford to buy a ticket for the game each will get a $10 refund, even though they didn't pay anything. They need the most help. Sometimes this is known as Affirmative Action.
Now do you understand?
If not, contact Representative Nancy Pelosi or Senator Ted Kennedy for assistance.
Last edited by mountainlander : 05-01-2008 at 09:14 AM.
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05-01-2008, 08:54 AM
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