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Topic	$15,000/a week for one Year or $10,000/month for Life...
wolfy42 12/07/18 11:15:15 PM #23:	If taxes are factored in, it's actually a bit worse for the long term as you'll end up paying about the same %, but you'll notice it alot more with just 10k a month (which is equivalent to a 120k salary a year). Still, would leave you about 5k a month which is plenty to live on comfortably, but...there are ways for you to invest your money and protect your profits that don't require you to pay taxes on them, which could make the lump sum (mostly) much more viable long term. Remember you can split any income over 1 year between 3 years total as well. That reduces the 15k56 weeks ($840k total) taxable income to only about 280k a year. Also since you don't have to pay the additional portions of taxes right away (just 1/3rd of it), you could quite likely make a significant portion of the taxes back by investing it wisely. If you could get your total taxes down to only 30% (hard but tons of wealthy people do way better then that), you would only end up paying 10% the first year.....so still have $750k to invest. If you could even gain just 10% of that in a year, you would cover the taxes, and honestly you could more then double that with investments, buying selling homes etc. Hardest part would be to not get taxed on the profits. Meanwhile the other method can't be split as your getting $120k a year for life, so your always going to be paying the taxes. Since you will actually need to live on a large portion of that, you won't be able to use methods to avoid paying as much taxes either (hence why the rich get away with it). Means you could end up with only about 5-6k a month in reality from option A, and end up with WAY more with option B (by the end of 3 years, you could walk away with a few mill if you worked hard on it.) By the end of the first 6 years or so (when you end up getting more money from option A then B before taxes etc) even using someone else to invest for you and do all the work (this is often done, you split the profit with someone who basically flips homes for you, while you bankroll them. This can easily still double your money each year with no real risk) you could end up with something around 50 million dollars (just doubling each year). At which point even something super safe giving 5% interest would still net you 2.5 mill a year in profit. --- "did you steal my f*in signature" Helly <cite>wolfy42 posted [p:913749488] in $15,000/a ... [t:77270948]...</cite> <quote>If taxes are factored in, it's actually a bit worse for the long term as you'll end up paying about the same %, but you'll notice it alot more with just 10k a month (which is equivalent to a 120k salary a year). Still, would leave you about 5k a month which is plenty to live on comfortably, but...there are ways for you to invest your money and protect your profits that don't require you to pay taxes on them, which could make the lump sum (mostly) much more viable long term. Remember you can split any income over 1 year between 3 years total as well. That reduces the 15k56 weeks ($840k total) taxable income to only about 280k a year. Also since you don't have to pay the additional portions of taxes right away (just 1/3rd of it), you could quite likely make a significant portion of the taxes back by investing it wisely. If you could get your total taxes down to only 30% (hard but tons of wealthy people do way better then that), you would only end up paying 10% the first year.....so still have $750k to invest. If you could even gain just 10% of that in a year, you would cover the taxes, and honestly you could more then double that with investments, buying selling homes etc. Hardest part would be to not get taxed on the profits. Meanwhile the other method can't be split as your getting $120k a year for life, so your always going to be paying the taxes. Since you will actually need to live on a large portion of that, you won't be able to use methods to avoid paying as much taxes either (hence why the rich get away with it). Means you could end up with only about 5-6k a month in reality from option A, and end up with WAY more with option B (by the end of 3 years, you could walk away with a few mill if you worked hard on it.) By the end of the first 6 years or so (when you end up getting more money from option A then B before taxes etc) even using someone else to invest for you and do all the work (this is often done, you split the profit with someone who basically flips homes for you, while you bankroll them. This can easily still double your money each year with no real risk) you could end up with something around 50 million dollars (just doubling each year). At which point even something super safe giving 5% interest would still net you 2.5 mill a year in profit. --- "did you steal my f***in signature" Helly</quote> ... Copied to Clipboard!
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