Simple Math for Savings
Let’s have some fun and do some simple math.
If a person sets aside a dollar and then doubles this dollar every year for 20 years, they’ll have a million dollars. But if we simply add a 40 percent tax rate to that same equation, you’ll end up with about twelve thousand dollars. This is just simple math. But most of us get it wrong. And we do this throughout our earned income and taxes over our working years.
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