If you have a 10 year loan, you'd put 10 here.

And the net income is 357,000.

Donations to philanthropic programs are tax exempt.

Minus 500,000.

And it actually should be an after tax return on that cash.

So the actual effect ends up being 2,100.

Companies welcome workers who take initiative.

And my hat's off to you in Kibera.

Why don't we lower both lines?

And there will also be a progression on the other side of the coin.

Expenditures that are exactly twice the amount of the basic income will be the zero point for tax payments.

And so we allowed multinationals into India.

And the second is very counterintuitive you can get the best people in the world.

Governments need to subsidize private companies.

And then, let's just say they're in the Caribbean and they don't have to pay taxes.

I'm amazed by the rate at which industries grow.

If there is no more income tax and VAT is only added at the end of the value chain, then we have a VAT of around 100 .

The U.S. and Europe should give us a zero percent tariff.

Postal services are a government monopoly.

And if anything, those part time workers, because they are employed, so in the official unemployment measure, they're actually making the number look a little bit better.

Here are my answers.

To change this example even further.

No, it's taxexclusive

If it's 30 , that means a 100 deduction will save you 30.

The unemployment rate went up to 5 .

(Laughter)

In a service based economy, the best measure of utilization really is unemployment.

This tax is applied to all private sector enterprises.

We now apply Bayes rule.

But you see here, U 6, this is the broad measure of unemployment that we talked about right here.

How did we get this?

The income tax rate increases in proportion as your salary rises.

The income tax rate increases in proportion to the salary increase.

For even higher expenditures the tax percentage can be up to 50 .

less stress and perhaps even the consideration of hiring more people.

Let me do this in a different color.

Taxes consist of direct taxes and indirect ones.

but let's, just for simplicity, assume my tax rate is still 30,000.

I'm the guy that wants to help. This is our thing.

The unemployment rate will rise by degrees.

Well, the farmers think that they have 1,000 gold pieces.

Hollis had asked me to study the tax issues that would arise upon your father's death.

Really? What kind?

So now I tell the IRS that I'm actually making 55,000 a year.

Now, you're not smart enough to tell anybody anything,