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Old 03-11-2008, 05:42 PM  
crockett
in a van by the river
 
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Join Date: May 2003
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Quote:
Originally Posted by V_RocKs View Post
$1 gets made. (21 month life span... years are for coins, not paper currency)

It is sold to the system for the Federal Funds Rate or the Discount Rate (which is actually a higher rate?)

That means the money lost about 5.5% to 7.0% right off the bat.

Then Donald Trump gets it for another 6% and gives it to your boss.

Your boss gets the money and pays you with it. First he had to pay 12% in taxes on it. You get to pay 28% and then spend it at the grocery store.

There you pay another 7.75% or so.

Then they pay 12% and then their employee pays 28%... and it keeps going for 21 months...
hehe ok so 21 months.. but yea thats' about what I was thinking. I really do wonder how much tax the govt gets off 1 dollar bill. It's kinda crazy when you think about it.
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