Quote:
Originally Posted by Baz
Did you calculate that.......or just throwing it out there?
Be interesting to know what the break even point is.
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Your social security report has your total contributions on it. It's fairly easy to compare your annual payout to what you paid in. For me the "break even" is 2.65 years.
Of course that simple calculation ignores the question of what you would have done with the money if you had been able to take it as salary.
The first thing you would have done is pay income tax on it.