Re: The cost of feeding a faimily?
Scott, you didn't even figure the interest the $$$ earns, but then I guess you have to pay someone to manage it, and then more taxes, and the expense of driving to meet with the accountant, etc.........
scott99 said:Seriusly, think about it, with 31 million dollars spread out over 50 more years of life (most likely), that's really only $620,000 a year to live on. Take out taxes and it's really only about $350,000 a year to live on. Plus he has to buy his bling, that's at least $100,000 a year. That leaves you with only $250,000 a year to live on, his agent get's a percentage, his women and children get a percentage, he needs his cars and flat screens. Really he's only going to have about $50,000 a year to play with. Tongue firmly planted in cheek.
Scott, you didn't even figure the interest the $$$ earns, but then I guess you have to pay someone to manage it, and then more taxes, and the expense of driving to meet with the accountant, etc.........