I was doing a back of the envelope NPV calculation - 30 years of 0.5% payments -... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		mckoss on Feb 20, 2012 \| parent \| context \| favorite \| on: Every day at my job I helped people just barely su... I was doing a back of the envelope NPV calculation - 30 years of 0.5% payments -> 15%. Depending in the discount rate, it's less than that; which is why I said "nearly".

yardie on Feb 20, 2012 [–]

Wow, you've taken 2 numbers that don't have anything in common except the word year and managed to produce an irrelevant value.

Using your calculation 40 years * 30% FICA means I'm paying 1200% income tax.

Fox News would be proud.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact