Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Thursday, February 11, 2010

JOE LEGAL vs. JOSE ILLEGAL

The Set Up:
You have two families: "Joe Legal" and "Jose Illegal."  Both families have two parents, two children, and live in California . 

Joe Legal works in construction, has a Social Security Number and makes  $25.00 per hour with taxes deducted.

Jose Illegal also works in construction, has NO Social Security Number,  and gets paid $15.00 cash "under the table."


Ready? Now pay attention ...
Joe Legal: $25.00 per hour x 40 hours = $1000.00 per week, or $52,000.00  per year. Now take 30% away for state and federal tax; Joe Legal now has $31,231.00.

Jose Illegal: $15.00 per hour x 40 hours = $600.00 per week, or $31,200.00 per year. Jose Illegal pays no taxes. Jose Illegal now has $31,200.00.


Joe Legal pays medical and dental insurance with limited coverage for His family at $600.00 per month, or $7,200.00 per year. Joe Legal now Has $24,031.00.

Jose Illegal has full medical and dental coverage through the state and local clinics at a cost of $0.00 per year. Jose Illegal still has $31,200.00.


Joe Legal makes too much money and is not eligible for food stamps or Welfare. Joe Legal pays $500..00 per month for food, or $6,000.00 per year. Joe Legal now has $18,031.00.

Jose Illegal has no documented income and is eligible for food stamps and welfare. Jose Illegal still has $31,200.00.


Joe Legal pays rent of $1,200.00 per month, or $14,400.00 per year. Joe Legal now has $9,631.00.

Jose Illegal receives a $500.00 per month federal rent subsidy. Jose Illegal pays out that $500.00 per month, or $6,000.00 per year. Jose Illegal Still has $ 31,200.00.


Joe Legal pays $200.00 per month, or $2,400.00 for insurance. Joe Legal now has $7,231.00.

Jose Illegal says, "We don't need no stinkin' insurance!" and still has $31,200.00.



Joe Legal has to make his $7,231.00 stretch to pay utilities, gasoline, etc.

Jose Illegal has to make his $31,200.00 stretch to pay utilities, gasoline, and what he sends out of the country every month.



Joe Legal now works overtime on Saturdays or gets a part time job after work.

Jose Illegal has nights and weekends off to enjoy with his family.


Joe Legal's and Jose Illegal's children both attend the same school. Joe Legal pays for his children's lunches while Jose Illegal's children get a government sponsored lunch. Jose Illegal's children have an after School ESL program. Joe Legal's children go home.

Joe Legal and Jose Illegal both enjoy the same police and fire services, but Joe paid for them and Jose did not pay .. but does Jose still vote and even if not, Jose illegal is still illegal.

Get It.

~ contributed via BB

Monday, February 2, 2009

The Dead Horse

Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day. The next day the farmer drove up and said, "Sorry son, but I have some bad news... the horse died." Chuck replied, "Well, then just give me my money back." The farmer said, "Can't do that. I went and spent it already." Chuck said, "Ok, then, just bring me the dead horse." The farmer asked, "What ya gonna do with him?" Chuck said, "I'm going to raffle him off." The farmer said, "You can't raffle off a dead horse!" Chuck said, "Sure I can, Watch me. I just won't tell anybody he's dead."

A month later, the farmer met up with Chuck and asked, "What happened with that dead horse?" Chuck said, "I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998."


The farmer said, "Didn't anyone complain?" Chuck said, "Just the guy who won. So I gave him his two dollars back."

Chuck grew up and now works for the government. He's the one who figured out how this "bail-out" is going to work.

sent in by a friend