4 ms·
20m * 0.004 = 80k. GP isn't bad at math, you just fail to understand how these types of taxes work.
by scrollaway 6y ago
20m * 0.004 = 80k. GP isn't bad at math, you just fail to understand how these types of taxes work.
- accountLost 6y agoTook me a few minutes to figure it out. chipotle_coyote comment make sens if the tax is 800k. 50m*0.04 = 2m = 800k+600k+600k The tax is not 800k but 80k though. So it should be 80k+960k+960k. So you could pay the tax, draw out $960K a year (I mean, you can live on that, right? Not a hardship?), and still have another $960K left over.