tax

On taxes and barstool economics

A friend of mine posted a story on Facebook that purports to explain income taxes, with beer. This led to a long discussion largely in support of its conservative message. I've found it on a few forums, purportedly by David R. Kamerschen, Ph.D. Professor of Economics University of Georgia. Here it is:

Our Tax System, Explained in Beer

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.

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