## Category Archives: Facts

### Taxes explained by a Professor of Economics

The principle of taxes seems to be easily explained by a fairly simple logic. However, many people do not always grasp it.

As tax season is upon us, let me try to explain it in simple terms so that everybody can understand it.

Imagine that every day, 10 friends go to a bar to drink a beer and the total bill always comes to 100 euros.  (Normally this would be 10 euros per person).

But our ten friends decide to pay the bill using a distribution based on our calculation method for income tax, which works out roughly like this:

• The first 4 friends (the poorer?) pay nothing
• The fifth friend pays 1 euro
• The sixth friend pays 3 euros
• The seventh friends pay 7 euros
• The eighth friend pays 12 euros
• The ninth friend pays 18 euros
• The last friend (the richest?) pays 59 euros.

The ten friends meet daily to drink their beer and seem quite happy with their arrangement.
Until the day when the owner places them in front of a dilemma:

“As you are good customers, he said, I decided to give you a discount
of 20 euros off the total bill. You can now pay only 80 euros for your 10 beers. ”

The group decided to continue to pay the new amount in the same way they had paid their taxes.

The first four continued to drink for free. But how would the other six, (the paying customers)  divide the 20 euro discount fairly? They realized that 20 euros divided by 6 were 3.33 euros.

But if they subtracted the amount of their discount equally, then the 5th and 6th man should have to actually be paid to drink their beer. The bar owner suggested that it would be fairer to reduce the payment of each friend by a likewise incremental percentage, again following the same logic of our wonderful taxation system, and proceeded to calculate it.

What he came up with was roughly this:

• The 5th friend, like the first four, now paid nothing. (a new poor?)
• The 6th friend now paid 2 euros instead of 3 (a 33% reduction)
• The 7th friend now paid 5 euros instead of 7 (a 28% reduction)
• The 8th friend now paid 9 euros instead of 12 (a 25% reduction)
• The 9th friend now paid 14 euros instead of 18 (a 22% reduction)
• The 10th friend now paid 50 euros instead of 59 euros (a 16% reduction)

Each of the six “payers” paid less than before, and the first 4 continued to drink for free.

But once outside the bar, each friend compared its ‘economic achievement’:

“I only received 1 euro discount over the total 20 euro discount,” says the 6th friend, and while pointing at the 10th friend complains: “He got 9 euros off.

“Yeah! said the 5th friend, “I only saved 1 euro as well ”

“It’s true! “Exclaimed the 7th friend, “Why would he get 9 euros off while I have had only got 2 euros off? The richest friend got the bulk of the discount!! ”

“Wait a minute” shouted the 1st friend, “the 4 of us got no discount at all! The system exploits the poor!!”

The 9 friends cornered friend number 10 and proceeded to insult him. The following night, the 10th friend (the richest?) did not come to the bar. The other nine friends seated at the bar and had their beer without him.

But as the time came to pay their bills they discovered something important: they only had enough money to pay half the bill!

And that, my dear friends, is the full reflection of our taxation system.  People who pay the most taxes get the most benefit from a tax reduction.

Tax the strongest, accuse and blame them for being rich and they may not show up anymore.

In fact they might go drinking abroad…

For those who understand, no explanation is necessary.
For those who do not understand, no explanation is possible.

### More interesting facts

I think is not fair that just the teacher posts interesting facts… here, have some

Posted by Ness

1. If you are right handed, you will tend to chew your food on your right side. If you are left handed, you will tend to chew your food on your left side.

2. If you stop getting thirsty, you need to drink more water. For when a human body is dehydrated, its thirst mechanism shuts off.

3. Chewing gum while peeling onions will keep you from crying.

4. Your tongue is germ free only if it is pink. If it is white there is a thin film of bacteria on it.

5. The Mercedes-Benz motto is “Das Beste oder Nichts” meaning “the best or nothing”.

6. The Titanic was the first ship to use the SOS signal.

7. The pupil of the eye expands as much as 45 percent when a person looks at something pleasing.

8. The average person who stops smoking requires one hour less sleep a night.

9. Laughing lowers levels of stress hormones and strengthens the immune system. Six-year-olds laugh an average of 300 times a day. Adults only laugh 15 to 100 times a day.

10. The roar that we hear when we place a seashell next to our ear is not the ocean, but rather the sound of blood surging through the veins in the ear.

11. Dalmatians are born without spots.

12. Bats always turn left when exiting a cave.

13. The ‘v’ in the name of a court case does not stand for ‘versus’, but for ‘and’ (in civil proceedings) or ‘against’ (in criminal proceedings).

14. Men’s shirts have the buttons on the right, but women’s shirts have the buttons on the left.

15. The owl is the only bird to drop its upper eyelid to wink. All other birds raise their lower eyelids.

16. The reason honey is so easy to digest is that it’s already been digested by a bee.

17. Roosters cannot crow if they cannot extend their necks.

18. The color blue has a calming effect. It causes the brain to release calming hormones.

19. Every time you sneeze some of your brain cells die.

21. The verb “cleave” is the only English word with two synonyms which are antonyms of each other: adhere and separate.

22. When you blush, the lining of your stomach also turns red.

23. When hippos are upset, their sweat turns red.

24. The first Harley Davidson motorcycle was built in 1903, and used a tomato can for a carburetor.

25. The lion that roars in the MGM logo is named Volney.

26. Google is actually the common name for a number with a million zeros.

27. Switching letters is called spoonerism. For example, saying jag of Flapan, instead of flag of Japan.

28. It cost 7 million dollars to build the Titanic and 200 million to make a film about it.

29. The attachment of the human skin to muscles is what causes dimples.

30. There are 1,792 steps to the top of the Eiffel Tower.

31. The sound you hear when you crack your knuckles is actually the sound of nitrogen gas bubbles bursting.

32. Human hair and fingernails continue to grow after death.

33. It takes about 20 seconds for a red blood cell to circle the whole body.

34. The plastic things on the end of shoelaces are called aglets.

35. Most soccer players run 7 miles in a game.

36. The only part of the body that has no blood supply is the cornea in the eye. It takes in oxygen directly from the air.

37. Every day 200 million couples make love, 400,000 babies are born, and 140,000 people die.

38. In most watch advertisements the time displayed on the watch is 10:10 because then the arms frame the brand of the watch (and make it look like it
is smiling).

39. Colgate faced big obstacle marketing toothpaste in Spanish speaking countries. Colgate translates into the command “go hang yourself.”

40. The only 2 animals that can see behind itself without turning its head are the rabbit and the parrot.

41. Intelligent people have more zinc and copper in their hair.

42. The average person laughs 13 times a day.

43. Do you know the names of the three wise monkeys? They are:Mizaru(See no evil), Mikazaru(Hear no evil), and Mazaru(Speak no evil)

44. Women blink nearly twice as much as men.

45. German Shepherds bite humans more than any other breed of dog.

46. Large kangaroos cover more than 30 feet with each jump.

47. Whip makes a cracking sound because its tip moves faster than the speed of sound.

48. Two animal rights protesters were protesting at the cruelty of sending pigs to a slaughterhouse in Bonn. Suddenly the pigs, all two thousand of them, escaped through a broken fence and stampeded, trampling the two hapless protesters to death.

49. If a statue in the park of a person on a horse has both front legs in the air, the person died in battle; if the horse has one front leg in the air, the person died as a result of wounds received in battle; if the horse has all four legs on the ground, the person died of natural cause.

50. The human heart creates enough pressure while pumping to squirt blood 30 feet!!

Source: http://www.hemmy.net/2006/04/30/50-interesting-facts/

### Did you know..?

Posted by SCA

• A Goldfish’s attention span is three seconds.
• Animals that lay eggs don’t have belly buttons.
• Beavers can hold their breath for 45 minutes under water.
• Slugs have four noses.
• Camels have three eyelids.
• A honey bee can fly at 15mph.
• A queen bee can lay 800-1,500 eggs per day.
• A bee has five eyes.

IF you didn’t know this, wait to see more FACTS soon…

### Did you know…?

#2 Animals that lay eggs don’t have bey buttons.
#2 Animals that lay eggs don’t have bey buttons.
#3 Beavers can hold their breath for 45 minutes under water.