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Replies: 33
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Top TigerNet [28982]
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What would you do with 11mil dollars per year?
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Nov 5, 2024, 12:38 PM
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To me that amount of money is unfathomable. I mean it truly is. And then to think of my actual net worth of assets/investments/ect after making 11mil/year. It's amazing to really try and contemplate that thought....
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1st Rounder [644]
TigerPulse: 95%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 12:46 PM
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Set up 529s for every young relative …
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Top TigerNet [32257]
TigerPulse: 100%
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Joined: 2003
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I would do things that I wouldn't share with you.
Nov 5, 2024, 12:47 PM
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That's how pdiddy got pinched.
Keep it on the dl.
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TigerNet Legend [145034]
TigerPulse: 100%
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I already did it.***
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Nov 5, 2024, 12:48 PM
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Legend [6753]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 12:52 PM
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MVP [543]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:51 PM
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App - you win the internet for the day
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Dynasty Maker [3224]
TigerPulse: 100%
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National Champion [7723]
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:06 PM
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Not bragging, but it wouldn’t change my life much. I retired and got bored and started a new business, so probably expand the business. Probably give more money to charity than I already do, and help out a couple of my relatives who have had a really hard time. Would definitely hire a full-time, live-in maid to do all of our laundry and bedsheets…
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Associate AD [1029]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:11 PM
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I'm assuming that $11 mil is unfathomable for a HC?
Auburn just got finished paying off Gus. They're still paying Harsin a ridiculous amount. Both for NOT BEING THEIR hc! And, BTW, they're paying Freeze too. His buyout is easier on the program as it is spread out $4.9 mil over time. But then, they'll have two on the ex-HC payroll and a new one.
$11 mil is peanuts.
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Legend [6940]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 2:11 PM
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Looks like it's about time to start paying Freeze for not being their coach.
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Clemson Sports Icon [59252]
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Joined: 2007
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:11 PM
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Yep, it's just shy of 1 mil a month. How could a man or women possibly know what to do with that much money coming every month!!!
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Orange Immortal [66304]
TigerPulse: 100%
60
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Joined: 2001
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Quit my job, donate to church, buy a new house,
Nov 5, 2024, 1:15 PM
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travel, etc. Of course, depending on the outcome of the election today, all of the above may be in another country.
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Orange Immortal [67221]
TigerPulse: 100%
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Joined: 2001
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Live comfortably, prepare for an early retirement...
Nov 5, 2024, 1:17 PM
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donate more to charity, and help friends and family who may be struggling financially.
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1st Rounder [646]
TigerPulse: 98%
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Re: Live comfortably, prepare for an early retirement...
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Nov 5, 2024, 1:21 PM
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Whatever you did the entire world would decide it’s their right to judge your every action and deed and deem you unworthy of it at every turn, no matter what.
That said, I’ll take the deal.
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Dynasty Maker [3428]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:17 PM
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I think I might just have enough to by a small place on Lake Keowee, although it would be close
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Game Changer [1786]
TigerPulse: 85%
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Probably getting around 6M after taxes unless you are being
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Nov 5, 2024, 1:23 PM
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Are Creative with deductions from real estate, heavy equipment or other purchase you can wright off. So would them in turn invest right away 5 of the 6 Million, the. Live off the rest as well as do my giving off that. 5 years of that and you have a 25 million plus what ever you earn off it as a base or as John Goodman taught us F you money. That’s your base. Then if I’m still employed maybe relax the investing slighty for a higher quality of life or whatever I feel like doing. After 10 years if I don’t like what I’m doing anymore I’m out.
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Legend [7058]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
Nov 5, 2024, 1:30 PM
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When you are in a position like Dabo’s you really don’t have to pay for much. When he built his house I’m sure people came forward saying they would do this and that for free so they could say they installed the cabinets, etc. in Dabo’s house.
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Legend [7058]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
Nov 5, 2024, 1:31 PM
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Plus all of his vehicles are provided by the local Toyota dealership.
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Game Changer [1786]
TigerPulse: 85%
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National Champion [7699]
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Re: Probably getting around 6M after taxes unless you are being
Nov 5, 2024, 1:57 PM
[ in reply to Probably getting around 6M after taxes unless you are being ] |
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Tax bracket is 41.39% in SC at 11 million a year. That’s $6.189 take home a year. To get into a lower bracket it can’t be investments per se. It would have to be charitable donations or legit business expenditures. Even donations would only lower your taxable income.
The way real wealth is built is to invest a large majority into businesses. Many coaches and players own multiple franchise restaurants or invest venture capital for residual income.
You can’t just creatively write off investments. Only a small percentage are qualifying. I’ve fought the fed for many years trying to create more write offs and have failed for the most part. I’m not making 7 figures a year but I have paid more than 35% almost every year sans one year I had health issues and paid a ridiculous amount of money out of pocket. They looked at and verified every single receipt on the state and federal level. The tax man is hard to beat. Unless you’re a billion dollar Corp bringing thousands of jobs to a state.
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Orange Beast [6531]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:27 PM
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That’s not the question you should be asking. What you should be asking, if you are so concerned with another person’s money, is what do I need to do to earn $11M per year. If it means you grind your way up from walk on to unpaid grad asst to asst to out of the business in another line of work to back as an asst who travels nonstop to recruit and eventually gets a position coach job and then are given an interim tag after your boss is fired which almost always never results in a full time HC job but you were constantly working the whole time to have your own ideas about how you would capitalize on that opportunity if it ever came and even after getting the full time job you used part of your salary to hire/pay assistants and you all found success together and you were rewarded in pay commiserate with what your industry pays the most successful people at a time when compensation in your industry was exploding, then you too could be an overpaid, overnight success.
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Tiger Spirit [9613]
TigerPulse: 54%
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Joined: 2006
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:52 PM
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Thank you Calhoun for a great comment. The coaching profession is among the most unappreciated and unstable positions out there. Coaches make what they make because they have survived and advanced to a place where their value is rewarded. The athletic department at a major university is a huge business, with hundreds of employees who contribute to the local economy and a successful football coach is the number one reason for that budget. Fans of all Tiger teams and all athletic department families can be thankful that we have a coach who earns $11 million a year.
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Hall of Famer [9046]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:39 PM
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I’m sure most of you wouldn’t mind, but $4,900,000 is probably going to pay federal and state income taxes. So that would leave him with a paltry $6,100,000
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Legend [7058]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:43 PM
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Yeah, that’s only $235k bi weekly. Tough times.
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Paw Warrior [5093]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:41 PM
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I would put a new roof on my modular.
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Legend [7058]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:46 PM
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I would seriously consider that faux stonework underpinning for my double wide. 😂
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Top TigerNet [30328]
TigerPulse: 100%
55
Posts: 17392
Joined: 2008
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:42 PM
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Assuming I could spend it on Clemson football..... Here's my 4 step plan:
1) Go out and hire the best D coordinator on the market.
2) Go out and hire a new safeties coach.
3) Go out and hire a new WR coach.
4) Go out and hire a new Special Teams coach.
There.
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All-In [10584]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 1:44 PM
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tundra with the five point seven
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National Champion [7910]
TigerPulse: 96%
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Buy a ranch in Montana and call it a day.***
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Nov 5, 2024, 1:48 PM
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110%er [4068]
TigerPulse: 60%
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I would keep Dabo as the head coach of Clemson***
Nov 5, 2024, 1:55 PM
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Commissioner [1212]
TigerPulse: 93%
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work 1 year and retire***
Nov 5, 2024, 2:39 PM
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Ultimate Tiger [36872]
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 3:40 PM
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You run a foundation and other charities and be sure the family is taken care of.
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All-Pro [719]
TigerPulse: 97%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 3:41 PM
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Put it in my savings account each year
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Dynasty Maker [3428]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 3:46 PM
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I am sure you're kidding but as a $ guy, this made me cringe LOL
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Replies: 33
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