Minor nit $20k is the gross income so $15K is the net. $15k is 50% of $30k. | Hacker News

Hacker News new | past | comments | ask | show | jobs | submit

login

indymike on March 24, 2022 | parent | context | favorite | on: Why income share agreements did not work out

Minor nit $20k is the gross income so $15K is the net. $15k is 50% of $30k.

baobabKoodaa on March 29, 2022 [–]

No. $20k is the gross income. Then you deduct ISA payment $5k and you get to $15k. Then you deduct taxes and you get to X. X is the net income. X is lower than $15k. Therefore, the net income does not increase by 50% in this example. The net income increases much less than 50%.

Join us for AI Startup School this June 16-17 in San Francisco!
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact