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Under $40k, nothing owed. We are for-profit. We think that model can help us scale faster than the tax advantage of the non-profit can help us. Larger non-prof
by asd33313131 8y ago
Under $40k, nothing owed.
We are for-profit. We think that model can help us scale faster than the tax advantage of the non-profit can help us. Larger non-profits can play a role in the future of this market though, with various guarantees and cheaper capital.
- ASpring 8y agoHave you considered bracketing it or is this a purposeful marketing point? If a graduate is offered 2 jobs at 39k and 50k, would they make more at the 39k job in the short term?
- pbhjpbhj 8y agoAt 50k they'll take 42.5 gross, $46k (40 + 15%) is the inflection. Save special tax situations anything over $46k will get them more than having a <$40k gross wage.
- asd33313131 8y agoMarginal rates (brackets) are a good idea. Right now, too complex for the capital markets around this product and we think (possibly) for the customer, so we're sticking to the flat rate.
- Wowfunhappy 8y agoYou certainly know more about this than I do (running a company and all that), but the situation described in the GP strikes me as a likely real-world scenario, and a bad outcome for both you and the customer.