Thursday, August 13, 2009

A Million Just Ain't What It Used To Be

This guy won $1 million in a New York lottery, but that works out to only $31,191 a year after taxes. That's a nice chunk of cash, but it's certainly not life-changing. (It doesn't even cover a year's worth of yeshiva tuition for 3 or 4 kids.)
When we were kids we used to play "what would you do with a million dollars?" I would always give "the Elmer Fudd answer": I wanted a mansion and a yacht.


Lion of Zion said...

if you ever decide you don't want your winning million dollar lotto ticket, please feel free to contact me for my address.

שבת שלום

Baila said...

My dad used to say, why pay the lottery they take 50% out for taxes. To which we always said, Dad, so you'd 500,000 dollars. Which is about 490,000 more than you have now.

Anonymous said...

A billion is the new million.

SuperRaizy said...

Thanks for the kind offer.
(How do you put Hebrew letters into a comment?)
I'm laughing because that's such a typical "Dad thing" to say.
I'm not even sure how many zeroes there are in a billion!

Jack said...

Think of it in different terms. If you could take that and invest it each year it would grow quite a bit.

muse said...

For me that $30,000 per year would be great!