Flylo
Bearhawk Builder
- Joined
- Feb 26, 2003
- Posts
- 121
Ahhh, contrair'
Don't waste your money!!
$340 million cash option = $164,400,000 less 38% Federal Tax and say.... 2% State Tax = $98,640,000 before CPA, Brokerage and Attorney Fees...... Call it $90 million clear.
$90 million invested in tax free government bonds would yield a net return (not adjusted for inflation) of approximately 2% annually or:
A Lousy $1,800,000.00 per year.
Everybody knows pilots already make wayyy more than that.
PS: Vandal, I know a guy in Georgia that can get a real deal on the airplane of your choice as long as you're not too picky about the paper work. He's tied up at the moment but I believe a quarter of a million could possibly spring him as soon as the heat dies down. imp:
.
JimG said:Sorry, but I've got my name on that thing (I bought 10 tickets today while in PHX). <<<snip>>> I guess with $125M after taxes, I could sort of have one of each.
Don't waste your money!!
$340 million cash option = $164,400,000 less 38% Federal Tax and say.... 2% State Tax = $98,640,000 before CPA, Brokerage and Attorney Fees...... Call it $90 million clear.
$90 million invested in tax free government bonds would yield a net return (not adjusted for inflation) of approximately 2% annually or:
A Lousy $1,800,000.00 per year.
Everybody knows pilots already make wayyy more than that.
PS: Vandal, I know a guy in Georgia that can get a real deal on the airplane of your choice as long as you're not too picky about the paper work. He's tied up at the moment but I believe a quarter of a million could possibly spring him as soon as the heat dies down. imp:
.