Post by: jdonovan
MarcSpaz wrote: I bet you paid over $1m into the system,
maybe, but most likely not even close.
doing the math in net present value, so we don't have CPI, or cost of borrowing debates.
118,500 - max taxable wage
7.65% - tax rate
9065.52 - max annual contribution
50 years
$453,276
Even if we ASSume, that the real 'cost' of the tax included both the employee and employer side of the tax, because lets face it, if your company didn't have to pay their ...
MarcSpaz wrote: I bet you paid over $1m into the system,
maybe, but most likely not even close.
doing the math in net present value, so we don't have CPI, or cost of borrowing debates.
118,500 - max taxable wage
7.65% - tax rate
9065.52 - max annual contribution
50 years
$453,276
Even if we ASSume, that the real 'cost' of the tax included both the employee and employer side of the tax, because lets face it, if your company didn't have to pay their ...