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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (71893)	1/10/2000 2:24:00 PM
From: Lizzie Tudor	Respond to of 108807

Just to clarify, all along I have included employer match as money paid to the employee. This is just the way I look at things, because there are so many sole proprietors these days and some jobs like DBA are exclusively that. So the 9K estimate that I said was "on the low side", pertained to a worker making 40K or so. The 85K worker I would say is paying 13K into the system. But anyway, if you choose not to look at it that way, ok, 7K/year for a 30 year old with 35 years to retirement would result 9 figures for sure. And that is just routine investment returns, 10-20% or so, nothing like the returns the current retirees are getting on their money. Nothing about our tax systems is fair. Yeah, but this is TOO unfair. Someone can make 85K in passive income and pay 17K TOTAL in taxes. Work for it and you pay double that, and thats if you don't have state taxes.