Use Halloween to teach your kids about over taxation!

GHook93

Aristotle
Apr 22, 2007
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Chicago
Once your kids work hard to collect all the candy they can get have them lay it out on the table.

  1. First take 15% for Federals Income Taxes (average what people pay
  2. Second take 10% for Payroll Taxes (little more than it is, but use round number to make it easy)
  3. Take another 5% for State Income Taxes (IL flat tax - One of higher on middle class in nation)
  4. Take another 15% for capital gains taxes
  5. Take another 10% for sale tax (IL Cook County Sales Tax)
  6. Take another 10% for the gift tax (I picked a number :eusa_angel:)

My kids get to keep only 35% of what they collected.

  • The I take 50% of all the candy collected and immediately toss it into the garbage.
  • Give another 25% to the poor kids next door who decided they didn't want to trick or treat and they rather get just a little from the government, but not have to do anything for it.
  • The rest of the 25% goes to other programs.
  • Now we are tapped out. So I go to Shinto's Candy Store and get a boat of candy loan on credit in order to take care of the othre programs!

Just kidding, I wouldn't do to my kids what the government does to us!
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare
:lol:

There is no doubt in my mind that Ghook will do this tonight.
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare

do you find the wind whistling through your ears to be comforting?
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare
Or you can say you're the President and exempt your kids from any taxes. (As long as they a make a little "donation" to you of course) :lol:
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare

do you find the wind whistling through your ears to be comforting?

must remind him of the ocean.
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare

To make it a fair analogy the business would spend 90% of thier 90% leaving 10% profit, plus whatever salary the boss draws as a supervisor. Someone has to pay for the candy materials, overhead on labor, and various insurances and taxes.
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare

Actually these kids are all self employed so your scenario is completely wrong.

They are working for barter where they dress up to entertain people in the neighborhood with their costumes. They in turn get paid in candy and treats.

Now if you really want to teach them a real world lesson, when they get home break out the tax reporting forms, itemize each piece of candy, determine the monetary value of each piece, deduct the cost of the costume and paraphernalia etc.

After that you then break into their piggy banks and send the appropriate dollar amount to the government
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare

how about this....

Take the price of the kids costumes...
Add to that the price of the candy you give out to other trick or treaters
Add to that other household operating costs that allow the kids to trick or treat...for example the increase in heating bills created by the constant door opening and closing as people ring the doorbell.
The total are the operating costs

Then take their candy they collect (equivalent to revenue)....figure out the value of the candy....toss away 15% of it (representing the corporate tax).
The total is the net revenue.

Subtract the operating costs from the net revenue and the balance goes to them.

When they complain, point out to them that as bad as it is for them, YOU, (the business owner) broke even as you got nothing at all out of it.

Now THAT is a correct analogy....not the one sided partisan spin of an analogy you offered up.
 
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Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare

Actually these kids are all self employed so your scenario is completely wrong.

They are working for barter where they dress up to entertain people in the neighborhood with their costumes. They in turn get paid in candy and treats.

Now if you really want to teach them a real world lesson, when they get home break out the tax reporting forms, itemize each piece of candy, determine the monetary value of each piece, deduct the cost of the costume and paraphernalia etc.

After that you then break into their piggy banks and send the appropriate dollar amount to the government

Well, if they are self employed, the little darlings are going to have to pay for their benefits won't they?

Let's see?

Room, board, dental care (those sweets do add up), costume fees, candy storage...

That should be around 90% of their candy
 
Why don't you teach your kids about what it is like to work in the real world

Let them work at trick or treating all night, then let them keep 10% of the candy.

You, as the business owner get to keep the other 90%. If the kids complain, call them socialists and send them to bed for engaging in class warfare
:lol:

There is no doubt in my mind that Ghook will do this tonight.

Taken a 1/2 day, meeting up with some friends that have kids, going trick or treating and then back to our friends place for a party! Like last year will be a good time.
 
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