Forum Post: Here's how the money works and I didn't go to Yale
Posted 13 years ago on Oct. 15, 2011, 6:36 a.m. EST by KnowingOne
(54)
This content is user submitted and not an official statement
Okay listen up this is how it works. A person goes to the bank and cashes his paycheck. The teller hands him a dollar. He goes to the drugstore and spends the dollar and pays 7% (percent) tax ,
At the end of the day the drugstore deposits the dollar back into the bank and the dollar sits there over night.
The next day another person goes to the bank and cashes his check. The teller gives him a dollar. He goes to the drugstore and spends the dollar and pays 7% (percent) tax,
At the end of the second day the drugstore deposits the dollar back into the bank and the dollar sits there over night.
The next day another person goes to the bank and cashes his check. The teller gives him the dollar. He goes to the drugstore and spends the dollar and pays 7% (percent) tax,
At the end of the year after 365 days the govenment made 2555 % on that dollar
Hate to be the bearer of bad news however if every person in the United Stares spent just one dollar a day for one year that would be approximately 300 million multiplied by 365 but lets just round it off to 300. and multiply 300 million by 300 which equals $900,000,000,000.00 nine hundred billion.
Please keep in mind that these calculations are base on everyone spending only 1 dollar a day for a year which we rounded off the calendar to only 300 days. So who are they kiddin? There fighting over nothing because there isn't that much money in the US
I will tell you one thing. There are molds in Occupy so be careful be smart. It's very common for molds to appear in an organization like occupy
Does anyone here know what the dollar is based on?
yes, abolish income tax, let the people keep 100% of their money, have a federal and state sales tax on purchased items.. people will be happier they have all of their money, therefore be more willing to spend.. generating more sales tax... boosting confidence in the economy which is what it all boils down to along with cash flow.. please check my thread "i have a solution"
o.o Wow, never even considered sales tax