This math assumes he parked 100% of the $, reinvested the dividends and didn't spend any of it. It also excludes the massive drawdowns he would have experienced in 2000-2001 and again in 2008-2009. Taking the guaranteed yearly payout also allowed him to keep his existing portfolio fully invested, knowing he would receive $1.2 million every year through age 72.
Bobby is ahead taking the $ in installments.
AND the Feds and NY would have taken 60% of the $5.9, leaving him with $2.9 million. This way he only pays tax on the installments each year. New administrations, new attitudes, Bobby paid less in tax taking the installments
This math assumes he parked 100% of the $, reinvested the dividends and didn't spend any of it. It also excludes the massive drawdowns he would have experienced in 2000-2001 and again in 2008-2009. Taking the guaranteed yearly payout also allowed him to keep his existing portfolio fully invested, knowing he would receive $1.2 million every year through age 72.
Bobby is ahead taking the $ in installments.
AND the Feds and NY would have taken 60% of the $5.9, leaving him with $2.9 million. This way he only pays tax on the installments each year. New administrations, new attitudes, Bobby paid less in tax taking the installments
I have read the articles on the Mets and Bonilla before. It’s not as bad for the Mets as perceived by the public. There was something about losing money with Madoff that makes it shitty for the Mets.
In my opinion schools should only have sports as club participation. The NFL should have minor leagues and the players can get paid what they are worth, rather being than being ripped off and exploited by colleges.
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Bobby is ahead taking the $ in installments.
AND the Feds and NY would have taken 60% of the $5.9, leaving him with $2.9 million. This way he only pays tax on the installments each year. New administrations, new attitudes, Bobby paid less in tax taking the installments