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Old 01-08-2010, 01:25   #11

ZvonimirBoban

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Quote:
Originally Posted by MilanMikey View Post
50% of 4 = 2 4+2= 6??
Look at previous posts which answered this. But for the summary, 50% is gross... so:
- the player wants 4M, after-tax
- the tax is 50%
- the after-tax = before-tax (100%) - tax (50%) = 50%
So:
if the after-tax = 50% = 4M, the before-tax = 100% = 4M x 2 = 8M

The before-tax salary is 8M.... 4M (50%) goes to government (tax), and 4M (50%) goes to player (after-tax salary)
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