2006-11-10 09:50:23 · 4 answers · asked by asiagal2 3 in Business & Finance ➔ Taxes ➔ United States
5/9 or 56%
the amount of the decrease is $50,000. so the percentage is $50,000 divided by the original $90,000.
2006-11-10 09:52:42 · answer #1 · answered by loveholio 5 · 1⤊ 1⤋
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2016-12-10 06:40:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on your political party affiliation.
A republican would say 56% decrease in earning power.
A democrat would 0% decrease because you should not have been making $90,000 in the first place therefore your taxes needed to be raised $50,000 and used to raise the minimum wage.
2006-11-10 10:02:31 · answer #3 · answered by angelthe5th 4 · 2⤊ 1⤋
decrease 40K, base amount from previous year 90K, so % decrease = 40K/90K * 100 = 400/9 = 44.44%
2006-11-10 10:51:33 · answer #4 · answered by Judy 7 · 1⤊ 3⤋