Single - $1MM $500K Debt
Compare the Difference
If you earn $1.000,000 and have $500,000 in debt, you'd receive $1,000,000 per year with the new system instead of the $581,00 you net today.
Today
Salary $1,000,000
Income Taxes $348,071
FICA Tax $30,847
Healthcare $7,000
Debt Payments $32,205
Total $581,877
The New Operating System
Salary $1,000,000
Universal Basic Income $24,000
Payments Tax $1,843
Debt Payments $16,667
Total $1,005,490