Single - $300K, $500K Debt
Compare the Difference
If you earn $300,000 and have $500,000 in debt, you'd receive $306,000 per year with the new system instead of the $167,00 you net today.
Today
Salary $300,000
Income Taxes $32,205
FICA Tax $14,397
Healthcare $7,000
Debt Payments $32,205
Total $167,284
The New Operating System
Salary $300,000
Universal Basic Income $24,000
Payments Tax $583
Debt Payments $16,667
Total $306,750