Posted 2/7/2021 10:03 (#8813123 - in reply to #8813060) Subject: RE: Insanity of 10 year consumer credit loans Vs Investing those $
USA
mconzemius - 2/7/2021 08:46
I doubt a $25/hr guy would be in a 50% tax bracket. Ive never understood why people take loans on that crap either. If it dont have an ROI i dont take a loan out for it.
You are one of the smart ones.
30% tax bracket = about 50% added to cost. $150,000 income x30% tax = $105,000 after tax. $100,000 after tax x 50% income tax = $150,000