03-11-2024, 01:21 PM
(03-11-2024, 01:09 PM)SunsetBengal Wrote: I don't know about your family, but in my house we'd consider that tag amount ($21.8M) to be generational wealth.
That $21.8m gets hit with local, state, and federal taxes.
Sauce Gardner was in the news when he signed his $33.45m rookie deal, and it came out he'd probably only get $17.4m of that after all the various taxes, or 52%.
You need at least $3m over a lifetime for a basic middle class life (which lets be honest, NFL players aren't going to go to a $70k/yr lifestyle) and even that's only quickly increasing with inflation. The ~$13m (we have some less taxes than NY/NJ) that Tee would see out of that isn't enough for his grandchildren to have wealth, so it wouldn't be generational but just a generation.
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