After taxes, he would have been left with $190 million.
After federal and state taxes, you'd be left with about $2.5 million.
Imagine a couple each on 13k a year after tax they will get much less then that.
I don't think they realized what that would be after tax.
His real return would be $218.40 or 2.184 percent after tax and inflation on the $10,000.
Paid all at once, it is worth about $1.5 million after taxes.
I was making $130,000 at the time, $65,000 after taxes, so $10,000 would have made a difference.
But the $12,496 tax cut received by a family with an income of $525,000 would mean a 3 percent increase in money left after taxes.
Even a good one like Richard's doesn't go far after taxes.
So my first check was for $25 - no, $20 after taxes.
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