Off-Topic: Insanely stupid comment by Obama

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	Name:	MAJ USA RET -
	Subject:	Insanely stupid comment by Obama
	Date:	7/31/2013 12:29:17 PM

STOP! You may be WRONG!

Say the general multiplier for a government employee is 1.67 (approx). The employee’s take home would be $59880 ($100K / 1.67). The employee pays… say 22% of that in taxes = $13,173. But, after he files his taxes…after deductions… he really ends up paying 18% = $10,778. The government recovers $11K on a $100K investment.

All math is fuzzy… especially when the government engages in such.

Other messages in this thread:

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Insanely stupid comment by Obama - MartiniMan - 7/31/2013 11:32:57 AM

Insanely stupid comment by Obama - MAJ USA RET - 7/31/2013 12:29:17 PM

GM investment math - MartiniMan - 7/31/2013 1:38:14 PM

GM investment math - MAJ USA RET - 7/31/2013 2:13:06 PM

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