Replies: 13
| visibility 1
|
CU Guru [1955]
TigerPulse: 100%
Posts: 1230
Joined: 9/7/13
|
So - what if you made $aban money?
Apr 22, 2019, 4:56 AM
|
|
It would be nice - but maybe not as great as you think. Still, pretty dang nice!
Nick is now at $12-million per year.
That's roughly $46,155 per DAY. But wait - after taxes it's (only) $26,725 per day:
Fed Tax per year: $4.37-million
Alabama Tax per year: $381,000
Soc.Sec. per year: $8,000
Medicare per year: $174,000
Local Taxes: $120,000
Total after-tax annually: $6.95-million
Kinda funny....after Jan. 15, Nick was finished paying his SS, Medicare, state & local tax - for the year! All he had left to pay was his $4.37-million Fed Tax.
All together, Saban pays about 43.5 cents of every dollar he makes in taxes. He'd pay more, but since he & his wife are 65 or over, he gets a small break.
|
|
|
|
Oculus Spirit [79313]
TigerPulse: 100%
Posts: 13083
Joined: 9/24/18
|
Still too soon to talk about taxes . . .
Apr 22, 2019, 7:09 AM
|
|
Sorry
|
|
|
|
|
Legend [19946]
TigerPulse: 100%
Posts: 11207
Joined: 9/23/07
|
The "tax cut" might not have helped you or me
Apr 22, 2019, 8:18 AM
|
|
but what really matters is Nick Saban got to take home an extra $300k this year.
|
|
|
|
|
110%er [9174]
TigerPulse: 69%
Posts: 14648
Joined: 2/5/02
|
Liberal still won't be satisfied..
Apr 22, 2019, 7:37 AM
|
|
Until his take home is 80k.
-Doc
|
|
|
|
|
All-In [40934]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
Imagine paying into medicare your whole life at basically
Apr 22, 2019, 8:13 AM
|
|
the maximum rate. After 40 years of paying in, you finally get to reap the benefits...and it still costs you $175,000 a year for the basic plan.
|
|
|
|
|
Legend [19946]
TigerPulse: 100%
Posts: 11207
Joined: 9/23/07
|
He's not paying for a plan. That's a tax***
Apr 22, 2019, 8:16 AM
|
|
|
|
|
|
|
All-In [40934]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
When you turn 65, you go on medicare. Private insurance
Apr 22, 2019, 8:25 AM
|
|
won't cover you. So yes he is still being taxed for the basic medicare plan. It's like paying income tax on social security.
|
|
|
|
|
110%er [6168]
TigerPulse: 100%
Posts: 5087
Joined: 8/30/17
|
Re: So - what if you made $aban money?
Apr 22, 2019, 10:38 AM
|
|
Yeah I’m pretty sure he’s paying somebody a decent fee to cut these taxes to no more than a third of posted amounts. That’s why the tax code is 17,000 pages long and politicians spend $10M to get a job that pays $170k.
|
|
|
|
|
All-TigerNet [13038]
TigerPulse: 100%
Posts: 22360
Joined: 4/24/04
|
They sucker other people into financing the 10M campaign
Apr 22, 2019, 1:46 PM
|
|
for them.
|
|
|
|
|
All-TigerNet [10492]
TigerPulse: 100%
Posts: 7759
Joined: 12/5/15
|
Re: So - what if you made $aban money?
Apr 22, 2019, 10:58 AM
|
|
If I had $aban money, I’d probably be unavailable. My observation, garnered over the last 20 years. Most, not all but most rich people got that way by being very focused on their work. The downside of that is they become their work and everything and everyone else takes a backseat to their work. I’ve seen it many, many many times. I’m talking about people with 100’s of millions of dollars. I had one tell me that he regretted missing out on his children growing. He said something to the effect of, “I wish I’d been there, but I wasn’t because I was working. Now it’s over and all the money in the world can’t buy me that time back”. Eventually the work will end. Probably nurtured families don’t end.
|
|
|
|
|
All-TigerNet [10121]
TigerPulse: 100%
Posts: 4858
Joined: 12/11/12
|
Oh so correct - Gumby.... Never heard anybody say......
Apr 22, 2019, 11:33 AM
|
|
..... "I wish I had worked more"..... -
|
|
|
|
|
All-In [40934]
TigerPulse: 100%
Posts: 42955
Joined: 11/30/98
|
there are a lot of people in their 50s and 60s
Apr 22, 2019, 12:44 PM
|
|
with 100 grand in their 401k or no savings at all that wish they would have worked a little harder
|
|
|
|
|
Letterman [278]
TigerPulse: 93%
Posts: 320
Joined: 1/7/19
|
Re: So - what if you made $aban money?
Apr 22, 2019, 1:17 PM
|
|
Poor thing, how will he possibly manage on just $6.95m?
|
|
|
|
|
All-TigerNet [10121]
TigerPulse: 100%
Posts: 4858
Joined: 12/11/12
|
Yep - Don't see how he could .....
Apr 22, 2019, 1:37 PM
|
|
.... make ends meet on that !! -
|
|
|
|
Replies: 13
| visibility 1
|
|
|