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Tag Archive for TN

Just A Few Pints Can Explain How The Tax System Works

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. Read more