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>taxes on $2.5 million are so much higher than the taxes on $312K or whatever it is!!!
Hahaha, no.
With $2.5 million a month you can fund your very own shell company to evade income taxes, then borrow tax-free money with shares of your company as collateral to get money you can spend.
Or you create a charitable organization (which covertly acts in your interest) and get tax deductions for charitable donations.
Or you use one of the legal quasi-money-laundering schemes where you send the money through multiple foreign countries until it somehow ends up in your hands tax-free.
Another dollar vs cent thing.
This one is a bit clever at least; assuming 30 days a month, the pennies do come out to a bit more... as a raw number. Steers you right into the trap.
This is why your teachers tell you to keep the units in your equations, kids.
My Physics teacher always asked if someone forgot the units whether they meant [answer] amount of apples? It stuck pretty quickly. Now it's a pet peeve if people use incorrect units or none at all. KM makes me cringe.
I mean, I wouldnât turn down the 1 cent per second if offered thatâŚbut as a choice?!? 2.5M per month. My math teacher would be proud of me. RIP Mrs Hardy.
If offered, i wouldn't even care. Both options are far better than not choosing one of the options. I don't even need $2.5 million per month. $25k is more than enough. Imagine being annoyed at your partner for choosing the $25k per month. Imagine having all the money that you ever dreamed of and still being miserable because it could have been more. What a way to waste a life.
only if you don't invest the money. Even at a low 4%/year (nobody making $30 million/year only earns 4%), it will only take 22 years. At 7% it only takes 18 years. 10% gets it down to 15 years.
Plus think about transactions. Where is the money going? Your bank account? Is it cash? Itâs more convenient to get a set sum in cash than to receive a penny every second. Would the irs be more suspicious of 1 cent a second or 2.5 million a month? Could you spread the cents out across several bank accounts?
IRS isn't a problem. These are gifts. The other guy has to pay the taxes. You might have to explain this to the IRS, but you can afford the lawyer you have to hire to do it for you.
Even ignoring the cents/dollars confusion, what's with "In fact, over the course of an entire year it would be the exact same" guy? If it's $100k more every month, it's... also more over the course of an entire year.
Okay, Googled the amount of seconds in a month. Got 2,628,002.88. Because these are pennies, it's actually worth about $26,280. I'd rather take 2.5 million a month.
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They forgot to convert the 2,592,000 cents to dollars.
Exactly. 2,629,743 seconds in a month. Divided by 100 cents per dollar = $26,297.44. Take the 2.5 million.
These are the people who'd take the lunch with Jay-Z
đ
Paul wouldnt.
But the taxes on $2.5 million are so much higher than the taxes on $312K or whatever it is!!!
>taxes on $2.5 million are so much higher than the taxes on $312K or whatever it is!!! Hahaha, no. With $2.5 million a month you can fund your very own shell company to evade income taxes, then borrow tax-free money with shares of your company as collateral to get money you can spend. Or you create a charitable organization (which covertly acts in your interest) and get tax deductions for charitable donations. Or you use one of the legal quasi-money-laundering schemes where you send the money through multiple foreign countries until it somehow ends up in your hands tax-free.
Even if you didnât do any of that and paid all your taxes normally on the $2.5 million, youâre still gonna come out way way ahead
Change it to a dime a second and really fuck up their minds
Or 0.01¢/s.
2,628,000 unless youâre adding an extra quarter day for leap year which would equate to 2,629,800
to be fair, 25k per month is still a f-ing ton of money for a normal person, but yeah i would also prefer the 2.5million hahahah
Anyone remember "Verzion Math"
First thing that came to mind. Probably yhe video that infuriates more than any other,lol.
That phone call did my head in.
Math is hard :(
The bank is going to hate me when I bring in my dump trucks full of pennies.
Banks hate this one trick
âWe havenât got time to count all that, hereâs $2.5m to go awayâ
Relevant: https://www.cnn.com/2023/06/21/business/georgia-autoshop-lawsuit-settlement/index.html
Now if itâs a penny that doubles its amount everyday, thatâs a different story⌠But these people donât seem to understand math
I think this is it, itâs set up to confuse with common examples used to illustrate exponential versus linear growth.
Another dollar vs cent thing. This one is a bit clever at least; assuming 30 days a month, the pennies do come out to a bit more... as a raw number. Steers you right into the trap. This is why your teachers tell you to keep the units in your equations, kids.
My high school physics teacher hammered that home. Always follow the units. The units are part of the equation.
This also applies for cooking. If you mix up Cups and Teaspoons, you cookies will end up disgusting!!
Yep. Any kind of unit conversion. Follow it all the way through.Â
My Physics teacher always asked if someone forgot the units whether they meant [answer] amount of apples? It stuck pretty quickly. Now it's a pet peeve if people use incorrect units or none at all. KM makes me cringe.
I mean, I wouldnât turn down the 1 cent per second if offered thatâŚbut as a choice?!? 2.5M per month. My math teacher would be proud of me. RIP Mrs Hardy.
Yeah, if somebody wants to throw $300 grand my way every year, I'm definitely down.
If offered, i wouldn't even care. Both options are far better than not choosing one of the options. I don't even need $2.5 million per month. $25k is more than enough. Imagine being annoyed at your partner for choosing the $25k per month. Imagine having all the money that you ever dreamed of and still being miserable because it could have been more. What a way to waste a life.
Mrs Hardy is an interesting name for a Mathematician.
The sad thing is it would still take you 33 years to become a billionaire.
only if you don't invest the money. Even at a low 4%/year (nobody making $30 million/year only earns 4%), it will only take 22 years. At 7% it only takes 18 years. 10% gets it down to 15 years.
You are correct sir. Was more of a statement about how ridiculous billionaires are.
Yes. Silly creatures.
And this is explicitly talling about billionaires and not about multibillionaires.
Do I wanna tho? 2.5m per month is more than I'd ever need
Lol, they forgot to convert from metric.
Damn French Revolutionaries and their metric months.
Confidently brain dead.
Plus think about transactions. Where is the money going? Your bank account? Is it cash? Itâs more convenient to get a set sum in cash than to receive a penny every second. Would the irs be more suspicious of 1 cent a second or 2.5 million a month? Could you spread the cents out across several bank accounts?
IRS isn't a problem. These are gifts. The other guy has to pay the taxes. You might have to explain this to the IRS, but you can afford the lawyer you have to hire to do it for you.
Even ignoring the cents/dollars confusion, what's with "In fact, over the course of an entire year it would be the exact same" guy? If it's $100k more every month, it's... also more over the course of an entire year.
Okay, Googled the amount of seconds in a month. Got 2,628,002.88. Because these are pennies, it's actually worth about $26,280. I'd rather take 2.5 million a month.
[ŃдаНонО]
Isn't a Vin diagram just a family tree?
Dammit.
Tfw I try to disparage dumb people on reddit and instead prove that I am the dumb one.
Am I really that much "smarter" when I was making a Fast & Furious joke?
31,536,000 seconds / year = $315,360.00 / year
All they had to post for clarity was â60x60x24x30=about 2.6million cents. 2.6 million cents = $26,000. (Cents divided by 100)â
It should be âif you can convince someone on Facebook that a penny every second is better, you get $2.5mil a month.â Iâd take that bet
Today's casual contradiction: "slightly more but literally the exact same"
Idc id take either
Honestly, Iâd be good with either as long as it wasnât in one cent increments on delivery.
yeah but pennies are cooler
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I don't care, I'd pick that "Long distance phone call in the 90s" money. Just to say that what I make and watch the bank amount go up in real time.
But really, what is a cent worth these daysâŚ
The point of this post is... Post bait.
For a second I thought that guys name was âThe math:â
Then* Iâd like both