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No, you start by 15% default until you reach the $1m threshold. After that you pay 30% for the remainder of that year. Please correct me if I'm wrong.
by gzimhelshani 6y ago
No, you start by 15% default until you reach the $1m threshold. After that you pay 30% for the remainder of that year. Please correct me if I'm wrong.
- jclardy 6y agoThat is correct, but then the next year you start at 30%. So if you make slightly less next year you will end up earning less money that year since it is all at the 30% cut (And then the following year will fall back down to 15%)
- Dylan16807 6y agoThat's only if you're in the program. If you get kicked out, you're stuck paying 30% for at least a year.