3 ms·
Income not profit? So if your yearly income is 200k, and I fine you 100k, that's no big deal?
by brianwawok 4y ago
Income not profit?
So if your yearly income is 200k, and I fine you 100k, that's no big deal?
- ceejayoz 4y agoNet income is also known as profit.
- Atreiden 4y agoYearly income of 200k, so netting 140k after taxes/SS, which makes the fine equivalent to 70k? Paid over 25 years, so $2800/year? Factoring depreciation due to inflation @2%/year, you're at $55.5k total and an effective average annual payment of $2200/year or $183/month. On a salary of 200k. Yeah, I'm going to say that's not a big deal. That's less than the cheapest health insurance in the country.