At my job they have something called the Birthday Club ... every payperiod you pay 100 dollars and on your birthday (or the payperiod your birthday falls in) you receive $2000.00. Anyone heard of this? How could I start one??
2007-01-04 00:54:42 · 6 answers · asked by denisealena_02 2 in Business & Finance ➔ Personal Finance
So how many pay periods do you pay a year? 24? So you put in $2400/year and then you get $2000/year?
Why don't you just put $100 in a shoe box and once a year take it out?
2007-01-04 01:59:13 · answer #1 · answered by NYC_Since_the_90s 6 · 1⤊ 0⤋
Call it a savings club or whatever, I've seen people do it at their worplaces because it works it you have a small group of people. Sign up 8-12 people who want to participate in the club, agree on a weekly amount (like $100), choose a trustworthy "treasurer" to collect money from everyone each week, draw numbers to see who gets the pot of money each week. If ten people give $100 for ten weeks, on your assigned week you will get $1000, just keep in mind everyone has to commit to giving the predetermined amount for as many weeks as there are participants in the club so everyone gets their "birthday money" each week. It's a great way to save up for a special purchase, as long as everyone is honest and pays their share.
2007-01-04 01:17:21 · answer #2 · answered by mapz57 2 · 0⤊ 0⤋
If one figures the federal tax rate for middle class to be approx. 15%, then add in your state and local taxes plus federal and state taxes on fuel, cummunications, etc. one would pay approx. 25 - 35 % of their daily income on various taxes. Therefore, if one earned $25.00 per hour and worked an eight hour day ($200. per day), the tax burden would be about $50. to $70. per day per person times how many ever million workers there are. We're talking big bucks here - and both Hillary and Obama want MORE.
2016-03-14 01:24:48 · answer #3 · answered by ? 3 · 0⤊ 0⤋
that sounds fun. you could do that amongst friends, and when ever you guys go out to eat, or hang out together you could put money in a jar or something and on birthdays, give the money to the birthday person. It would be a little steep to put in $100 just because its coming from pocket, but you could do like $5 or $10... that would be fun for everyone.
2007-01-04 01:06:35 · answer #4 · answered by mscity05 2 · 0⤊ 0⤋
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I pay more that $11 a day (business day) to the federal government.
2016-04-10 09:57:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It's a pyramid scheme, and you could start one, but you'd get your butt thrown in jail for it.
2007-01-04 01:09:10 · answer #6 · answered by amorgan4osu 3 · 0⤊ 0⤋