Cowboy Making Bank @ 246

[SolidxSnake]

That's not even close to "rest of your life money". Would only be enough to buy you a nice house where I live, and then you'd be left with $0

When you already own a nice ranch, and home in Colorado (all paid for), then $2 mil +whatever else you were making is pretty set.

 

[kflo]

you do know the $2M payday is like a net $900k after he pays his manager/team and then gets taxed 39% federal taxes and whatever state income tax CO or NM or where ever the hell he lives

How do you get to 900k?

 

[BIKES!]

How do you get to 900k?

If you have $2M gross, ~30% traditionally goes to management, coaches, training camp etc... Cerrone is different than the norm so maybe he pays a bit less since he trains himself much of the time.

$2M less 30% is $1.4M. The highest tax bracket is 37%. If he lived in CA there would be another 10% of state income tax as well, I believe NM income tax is only 4.9%.

Assuming he has other income throughout the year, it’s fair to not use the effective rate as almost all will be taxed at those level. $1.4M * 41.9% is around $900k

 

[ReadWrite]

If Khabib shows up does he get $1m?

 

[brackis1]

Meanwhile there will be more than 50 golfers who earned that from PGA prize money alone in 2019.
https://www.pgatour.com/content/pgatour/stats/stat.109.y2019.html

 

[kflo]

If you have $2M gross, ~30% traditionally goes to management, coaches, training camp etc... Cerrone is different than the norm so maybe he pays a bit less since he trains himself much of the time.

$2M less 30% is $1.4M. The highest tax bracket is 37%. If he lived in CA there would be another 10% of state income tax as well, I believe NM income tax is only 4.9%.

Assuming he has other income throughout the year, it’s fair to not use the effective rate as almost all will be taxed at those level. $1.4M * 41.9% is around $900k

30% is way too high. He’s not paying 30%.

 

[kflo]

Meanwhile there will be more than 50 golfers who earned that from PGA prize money alone in 2019.
https://www.pgatour.com/content/pgatour/stats/stat.109.y2019.html

And they get less than 20% of the revenue from their major championships....

 

[BIKES!]

30% is way too high. He’s not paying 30%.

Cool story bro

 

[kflo]

Cool story bro

It’s true. You really think he’s giving a fixed % to all of them? And if his pay goes from 200k to 2m his expenses go up 10x?

 

[bricklay3r]

The amount of money someone makes in MMA is inversely proportional to Sherbro's knowing about how much.

 

[agibmxmma]

That's not even close to "rest of your life money". Would only be enough to buy you a nice house where I live, and then you'd be left with $0

You are getting played if you are putting down the whole 2 mil for a house up front. You put say 10% down, and that leaves you money to make small investments and get forward. Not life changing money, but def life aiding money for most and security for those comfortable in life.

 

[agibmxmma]

Approximately how much interest monthly would one occur with 2 million?

Well after taxes, one would end up with just over a mil.. so approx 5k a month more or less.

 

[robertcop2]

Conor fans will assume he made 100m+ with PPV points, the financial fans are coming out of the woodworks again.

Yeah, those pathetic dumbfucks.