Tuesday, May 03, 2022

Let's do the numbers

 People are have lots of ideas, but are not good with Math. This makes the Florida controversy more critical, but that is for another day.

Would you like to have  a 5% tax break or a 10% tax break?  The 10% of course.  What about someone who makes a million dollars?  Well they don't need 10%, lets give them just 5%

Okay - if you make $50,000 a year (assuming after adjustments) you will get $5,000 back. Great!

Now the person earning 1 million a year at 5% will get back - $50,000.

Wait - that is the same as you make all year!

Now a person making 10 million a year at 2.5% would get back  $250,000.

Don't be mislead by percentages, do ALL the math.