weekly...taxes on $1.9m lump sum would only leave me with about $1m, which I could make in about 7.69 years (give or take a few years) with the weekly payments.
if you are going to tax the 1.9, you might want to think about taxing the 2500 :?
exactly, but I am thinking that the annual taxes on the $2500 per week might be less than the tax if you took the whole $1.9 million in one year?
having said that, $2500 a week for life is not bad too. I am 42, so in my other calculation, the lump sum would last 26.25 years. I am 42 years old, so that would get me to about 69. Lets say I live to be 84, then the $2500 per week would add up to be $5,460,000, again forgetting about taxes for the moment. Not a bad deal.
In that situation I would keep working and use the $2500 per week to pay everything off, then save, probably figure out a target number to hit so that savings plus the $2500/week would make a comfy retirement or be able to change careers.
Just the flexibility of $2500 a week would be incredible. I'd work, but my wife and I wouldn't work 40+ hrs a week like we are now. You could do whatever job you wanted to do, how much you wanted, and not really worry about what it pays. The difference of what we make now, can quickly pay off debt (school/car), and most of the rest can be invested.
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Weekly... I'm betting I live longer than 16 more years, and even if I didn't I can up my life insurance a bit to cover that chance for my family.
The $1.9 upfront would be great, but I think it would be easy to get carried away over time and go through that. With $2500 a week, that is a $130,000 yearly salary for the rest of your life. I'm not a tax expert, but I would think that, you'd pay a lower percentage based on that salary, than $1.9 million in one tax year.
yep, you are thinking the same things I am. This is why tax accountants get the big bucks, to figure this stuff out.
1.9 buys you a pretty nice single family house here in the city.
Ummm... Pretty nice? I live in a "pretty nice" single-family house (4BR/3BA) in the city and it isn't worth ANYWHERE NEAR 2 million dollars.
It was more like "preeeeeety nice" I know there are awesome houses for well under that. Well under 1 million even. Just thinking of some that I've seen for 1.9, those were pretty sweet.
1.9 buys you a pretty nice single family house here in the city.
Ummm... Pretty nice? I live in a "pretty nice" single-family house (4BR/3BA) in the city and it isn't worth ANYWHERE NEAR 2 million dollars.
It was more like "preeeeeety nice" I know there are awesome houses for well under that. Well under 1 million even. Just thinking of some that I've seen for 1.9, those were pretty sweet.
According to the ever-reliable wiki site that charts the average American woman's life expectancy, I'm due to live almost 60 more years, and 60 years x 52 weeks per year = 3120 weeks, x $2,500 = $7,800,000 not including taxes.
7.8 > 1.9
But who knows, may get squished by a bus later today or tomorrow. I'd still take the weekly.
Lottery Official: "Congratulations to The 81 on winning the $1,000 a week for life lottery"
The 81: "Can I have that all in $1 bills please?"
well played.
You're going to be a favorite customer amongst Chicago strippers.
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
According to the ever-reliable wiki site that charts the average American woman's life expectancy, I'm due to live almost 60 more years, and 60 years x 52 weeks per year = 3120 weeks, x $2,500 = $7,800,000 not including taxes.
7.8 > 1.9
But who knows, may get squished by a bus later today or tomorrow. I'd still take the weekly.
yeah, but 1.9 over 60 years @ 5% is 35.5M
if you assume taxes of 50% on that 1.9, your investment is 950K, which over 60 years at 5% is 17.8M. at 10% it becomes 289M.
now if we assume taxes at 30% tax on each years increase.
950,000 * 10% = 95,000.
tax of 95,000 * 30% = 28,500
net income = 95,000 - 28,500 = 66,500
ending balance after one year is 950,000 + 66,500 = 1,016,500
at the end of 60 years you would have 55M. this all assuems you don't spend any money
if you start withdrawing 100K after year 10 you end with 14.3M
now if you use the same rules on the 2500 per week, aka 130K per year and save everything for the first 10 years and than start spending 100K per year in year 10, you end up with 33.3M
According to the ever-reliable wiki site that charts the average American woman's life expectancy, I'm due to live almost 60 more years, and 60 years x 52 weeks per year = 3120 weeks, x $2,500 = $7,800,000 not including taxes.
7.8 > 1.9
But who knows, may get squished by a bus later today or tomorrow. I'd still take the weekly.
yeah, but 1.9 over 60 years @ 5% is 35.5M
if you assume taxes of 50% on that 1.9, your investment is 950K, which over 60 years at 5% is 17.8M. at 10% it becomes 289M.
now if we assume taxes at 30% tax on each years increase.
950,000 * 10% = 95,000.
tax of 95,000 * 30% = 28,500
net income = 95,000 - 28,500 = 66,500
ending balance after one year is 950,000 + 66,500 = 1,016,500
at the end of 60 years you would have 55M. this all assuems you don't spend any money
pretty fast calculations there when it involves a potential sugar momma, huh?
pretty fast calculations there when it involves a potential sugar momma, huh?
excel rules
totally.
Word sucks bad, hate when I have to use that
Hey now, Word can do some nifty things if you know where to find them.
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
Hey now, Word can do some nifty things if you know where to find them.
it can write letters...whoooo
...and help you write correctly. Take note, 81. :twisted:
Plus, for idiots who suck with numbers like me, it beats the shit out of Excel.
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
trust me, i have F7 anything important....forum...not so much
how can word beat the shit out of excel for numbers? excel was built for numbers.
I should've clarified... I meant for me it is a better program, because it does not use numbers nearly as much as Excel does. I've always been stronger at writing and such as opposed to mathematics.
I can use Excel, but I'm a failure at formulas.
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
trust me, i have F7 anything important....forum...not so much
how can word beat the shit out of excel for numbers? excel was built for numbers.
I should've clarified... I meant for me it is a better program, because it does not use numbers nearly as much as Excel does. I've always been stronger at writing and such as opposed to mathematics.
trust me, i have F7 anything important....forum...not so much
how can word beat the shit out of excel for numbers? excel was built for numbers.
I should've clarified... I meant for me it is a better program, because it does not use numbers nearly as much as Excel does. I've always been stronger at writing and such as opposed to mathematics.
I can use Excel, but I'm a failure at formulas.
=if(problem=number,excel,word) :P
See... I'm too stumped to even laugh.
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
7/2/06 - Denver, CO
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
Comments
agreed.
Just the flexibility of $2500 a week would be incredible. I'd work, but my wife and I wouldn't work 40+ hrs a week like we are now. You could do whatever job you wanted to do, how much you wanted, and not really worry about what it pays. The difference of what we make now, can quickly pay off debt (school/car), and most of the rest can be invested.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
yep, you are thinking the same things I am. This is why tax accountants get the big bucks, to figure this stuff out.
i've seen that one on tv. if i were to play and win that, i would keep working and use all those dollars for fun
Lottery Official: "Congratulations to The 81 on winning the $1,000 a week for life lottery"
The 81: "Can I have that all in $1 bills please?"
It was more like "preeeeeety nice" I know there are awesome houses for well under that. Well under 1 million even. Just thinking of some that I've seen for 1.9, those were pretty sweet.
well played.
According to the ever-reliable wiki site that charts the average American woman's life expectancy, I'm due to live almost 60 more years, and 60 years x 52 weeks per year = 3120 weeks, x $2,500 = $7,800,000 not including taxes.
7.8 > 1.9
But who knows, may get squished by a bus later today or tomorrow. I'd still take the weekly.
You're going to be a favorite customer amongst Chicago strippers.
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
yeah, but 1.9 over 60 years @ 5% is 35.5M
if you assume taxes of 50% on that 1.9, your investment is 950K, which over 60 years at 5% is 17.8M. at 10% it becomes 289M.
now if we assume taxes at 30% tax on each years increase.
950,000 * 10% = 95,000.
tax of 95,000 * 30% = 28,500
net income = 95,000 - 28,500 = 66,500
ending balance after one year is 950,000 + 66,500 = 1,016,500
at the end of 60 years you would have 55M. this all assuems you don't spend any money
if you start withdrawing 100K after year 10 you end with 14.3M
now if you use the same rules on the 2500 per week, aka 130K per year and save everything for the first 10 years and than start spending 100K per year in year 10, you end up with 33.3M
this all assumes my math is right.....
pretty fast calculations there when it involves a potential sugar momma, huh?
excel rules
totally.
Word sucks bad, hate when I have to use that
Hey now, Word can do some nifty things if you know where to find them.
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
it can write letters...whoooo
2010: Newark 5/18 MSG 5/20-21 2011: PJ20 9/3-4 2012: Made In America 9/2
2013: Brooklyn 10/18-19 Philly 10/21-22 Hartford 10/25 2014: ACL10/12
2015: NYC 9/23 2016: Tampa 4/11 Philly 4/28-29 MSG 5/1-2 Fenway 8/5+8/7
2017: RRHoF 4/7 2018: Fenway 9/2+9/4 2021: Sea Hear Now 9/18
2022: MSG 9/11 2024: MSG 9/3-4 Philly 9/7+9/9 Fenway 9/15+9/17
...and help you write correctly. Take note, 81. :twisted:
Plus, for idiots who suck with numbers like me, it beats the shit out of Excel.
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
how can word beat the shit out of excel for numbers? excel was built for numbers.
I should've clarified... I meant for me it is a better program, because it does not use numbers nearly as much as Excel does. I've always been stronger at writing and such as opposed to mathematics.
I can use Excel, but I'm a failure at formulas.
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
=if(problem=number,excel,word) :P
See... I'm too stumped to even laugh.
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
:P
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
Good work.
6/12/08 - Tampa, FL
8/23/09 - Chicago, IL
9/28/09 - Salt Lake City, UT (11 years too long!!!)
9/03/11 - East Troy, WI - PJ20 - Night 1
9/04/11 - East Troy, WI - PJ20 - Night 2
that's classic. that I understand. My girlfriend is a lawyer, so she lives in Word, I live in Excel and Access