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Old 02-03-2023, 08:24 AM
Mrfriendly Mrfriendly is offline
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Quote:
Originally Posted by hrenner View Post
Math error. We Pay 6.2% and company pays 6.2%= 12.4%

12.4% of 30k is 3720 per year. For 40 years that is 149,000. That is how much paid in. Then figure assumed interest. NOT 1.3 MIL
As I am preparing to do this year‘s fed taxes it hurts even more when filing on 1099 income. I’m both the filer and the company 😡
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Bill
NJ Shore