Compare the Difference
If you earn $500,000 and have $1,000,000 in debt, you'd receive $489,000 per year with the new system instead of the $259,00 you net today.
Today
Salary $500,000
Income Taxes $150,071
FICA Tax $19,097
Healthcare $7,000
Debt Payments $64,410
Total $259,422
The New Operating System
Salary $500,000
Universal Basic Income $24,000
Payments Tax $943
Debt Payments $33,333
Total $489,724
