A million dollars in 100 dollar bills weighs about 20 pounds and can easily be carried in a small suitcase. A billion dollars in 100s is a bit heavier, that amount would be tipping the scales at pretty close to 20,000 pounds, which is TEN TONS.
If I were to acquire that much tax free money I would take it spread out over a period of time to avoid becoming overwhelmed and/or spoiled-----say for instance a million a week for 19 plus years.
Note; To be more accurate, the million is actually closer to 22 pounds.
agreed. and live off hte interest once. i had a wee LIL bit of fun. interest on 20mils is QUITE nice
I can't get interest, if get get interest I'll have to pay the taxes-----with a billion "I don't need no stinkin interest".
Interest income has the 2nd higher rate of taxation after work income. A great choice if you like to continue to give more money than you need to the government.
Quote from: ojstinson on December 20, 2011, 09:08:17 PM
I can't get interest, if get get interest I'll have to pay the taxes-----with a billion "I don't need no stinkin interest".
do have a point there lol. but even taxes now as htey are, and more so, once obama muddles in it, still a nice paycheck.
At a million dollars, you try and do stuff like live on the interest, so you have money all your life.
At a billion dollars, I don't know if I could spend it faster than the interest would accrue. I mean half of a percent is 5 million a year.
Quote from: PachmanP on December 26, 2011, 09:35:30 PM
At a million dollars, you try and do stuff like live on the interest, so you have money all your life.
At a billion dollars, I don't know if I could spend it faster than the interest would accrue. I mean half of a percent is 5 million a year.
very true. or if you look atwhat savings accts would make. :o
So a million bucks in 100 dollar bills is about ten kilos. Hmmmmmm be a lot less in 500 Euro notes but then give it a few months and it might be worth a lot less too.
Just thinking of the chances of carrying it to the Cayman Islands or some tax haven.