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re: If someone gave you a million dollars ...
Posted on 9/26/14 at 11:30 am to blowmeauburn
Posted on 9/26/14 at 11:30 am to blowmeauburn
quote:
If someone gave you a million dollars ...
First, pay the gift taxes. Then, take the remaining $600m or so and put it into a laddered muni bond portfolio at about 5% average coupon. Take the $30m/year tax-free interest payments and reinvest in more bonds. Keep compounding and thumbing my nose at the IRS because as MD Hammer said, "can't touch this!"
4
Posted on 9/26/14 at 11:52 am to jeepfreak
quote:
First, pay the gift taxes
Gift taxes, if any actually are due, are paid by the person making the gift, not the person receiving the gift.
Posted on 9/26/14 at 1:26 pm to jeepfreak
quote:
laddered muni bond portfolio
quote:
5%
Good fricking luck
This post was edited on 9/26/14 at 1:27 pm
Posted on 9/26/14 at 1:41 pm to jeepfreak
quote:
MD Hammer
The spawn of Dr. Dre and MC Hammer?
Teddy: if you find someone willing to open one in Lafayette, I will be willing to make a substantial investment.
Posted on 9/26/14 at 10:06 pm to jeepfreak
quote:
put it into a laddered muni bond portfolio at about 5% average coupon
Someone is completely unfamiliar with current muni rates. Or rates for the past several years either.
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