The "23% tax inclusive" rate is a first year only, fraudulent teaser rate and used only as a dangling carrot.What's funny, too, is something I just realized. The yearly OASDI rate and the Medicare rate are set by the Social Security Administration but the general revenue rate is a static 14.91%. But 14.91% of what? It's 14.91% tax inclusive of the gross payments. If the OASDI and Medicare rates go up then the gross payment goes up which mean people are paying a higher amount of general revenue tax. It's a general revenue tax increase (even thought the rate is the same!). So, because these clowns want to deceive the public with a tax inclusive sales tax rate, we have the SSA raising not just the OASDI and Medicare taxes, but the general revenue taxes also. All with out a vote by our representatives.
That's what I've been saying for years.
If I invested $7700.00 and cashed out $10,000 I earned 23% interest....
If I invested the $10,000 and cashed out $11,000, once again following their logic, I earned 9% interest.