Commanders Post at The Warpath - View Single Post

sportscurmudgeon · 03-02-2004, 02:01 PM

Let's do a little math here.

I just checked out the Wall Street Journal site and you can buy US Treasury Notes or Bills at the moment with a yield of about 4 %.

If you invested $34.5 million in treasury notes/bills at 4% you would get $1.38M in interest every year. After taxes, you would get to keep about $900K - assuming you chose to live in a state where there is no state income tax.

I don't know about any of you out there, but I just might be able to get by on $900K per year after taxes. And that takes into account that I would no longer consider drinking PBR or Keystone (should be called Tombstone!). I'd be exclusively sipping the good stuff...

03-02-2004, 02:01 PM	#2
sportscurmudgeon Playmaker Join Date: Feb 2004 Posts: 3,159	Let's do a little math here. I just checked out the Wall Street Journal site and you can buy US Treasury Notes or Bills at the moment with a yield of about 4 %. If you invested $34.5 million in treasury notes/bills at 4% you would get $1.38M in interest every year. After taxes, you would get to keep about $900K - assuming you chose to live in a state where there is no state income tax. I don't know about any of you out there, but I just might be able to get by on $900K per year after taxes. And that takes into account that I would no longer consider drinking PBR or Keystone (should be called Tombstone!). I'd be exclusively sipping the good stuff... __________________ The Sports Curmudgeon www.sportscurmudgeon.com But don't get me wrong, I love sports...