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re: Case it hasn't sunk in yet - a 10 yr coach at a Blue Blood U made a 'lateral move' to LSU
Posted on 12/1/21 at 1:15 pm to Cosmo
Posted on 12/1/21 at 1:15 pm to Cosmo
quote:Eh. The after-tax, present value of that is probably like $20M. Not bad, but certainly easily squanderable by just his kids.
Yep. 100 million is generational wealth
5
Posted on 12/1/21 at 1:43 pm to Big Scrub TX
quote:
quote:
Yep. 100 million is generational wealth
Eh. The after-tax, present value of that is probably like $20M.
WTF? If you're paying that much in taxes in Louisiana, you probably need a new CPA.
Posted on 12/1/21 at 3:15 pm to Big Scrub TX
quote:
The after-tax, present value of that is probably like $20M.
How in the hell do you figure that with the curret top individual tax rate of 37%. Never mind the ROI on all of that disposable income for the next decade.
Posted on 12/1/21 at 3:43 pm to Big Scrub TX
Spoken by someone that’s never had money.
Posted on 12/1/21 at 3:46 pm to Big Scrub TX
quote:
Yep. 100 million is generational wealth
“Eh. The after-tax, present value of that is probably like $20M. Not bad, but certainly easily squanderable by just his kids.”
That’s Lincoln Riley’s situation, Cali taxes are gonna kill him!!! He will literally lose close to 1/2 because of taxes and agents, etc.. Still rich AF though.
Yep. 100 million is generational wealth
“Eh. The after-tax, present value of that is probably like $20M. Not bad, but certainly easily squanderable by just his kids.”
That’s Lincoln Riley’s situation, Cali taxes are gonna kill him!!! He will literally lose close to 1/2 because of taxes and agents, etc.. Still rich AF though.
Posted on 12/1/21 at 4:46 pm to Big Scrub TX
quote:
Eh. The after-tax, present value of that is probably like $20M. Not bad, but certainly easily squanderable by just his kids.
Not close. PV after-tax is around $60,000,000. Some goes to his agent, so make it 50-55 million. But likely bonuses for Championships and such. This is a great deal of money.
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