Only a mathematical solution will be accepted.
2006-08-28 08:28:46 · 9 answers · asked by da_angel8290 1 in Science & Mathematics ➔ Mathematics
There are 490 bills in a pound so 1 million in $1 bills would weigh
2,040.8 pounds. If you could carry say, 100 pounds, you would have $49,000. Its a decent amount of money but I wouldn't say you were rich.
2006-08-28 08:32:58 · answer #1 · answered by Anonymous · 0⤊ 1⤋
No. You aren't rich because some one has gifted you 1,000,000 dollars. To avoid tax fraud, you'll need to pay around 40 percent in taxes, leaving you with 600k. In California, that will buy you a modest 4 bedroom house. Nice chunk of change, but by no means rich. At least not in todays day in age. Transporting the cash wouldn't be a problem either, 1,000,000 bills could be quickly loaded in boxes into a truck. The weight would be heavy, but a heavy duty 1-ton pickup should be able to handle it. let a lone a moving truck, or armored car.
2006-08-28 17:04:39 · answer #2 · answered by Have_ass 3 · 0⤊ 1⤋
You would still have to pay about 28% Federal Income tax, that would leave you with only $720,000.00
You are not "rich", unless you can live off of the gains from that money, and not have to work.
If you invested that money into tax free municipal bonds, and were making a gain of 5.00% per year, and reinvesting 1% of it so that it would also grow to counter inflation, you would be taking home $2,400 tax free every month for the first year.
$720,000 * 0.04 = $28,800 per year
$28,800 / 12 = $2400 per month
And because it is tax free, it would be the equivilant of making about $50,000 per year.
More realistically, you might get 4.5% out of tax free munis.
2006-08-28 15:47:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sure. You didn't say I had to carry it away by hand or all at once. without those limits in your"equation" it's mathematically possible.
Some more math: 1 answer = 2 points.
2006-08-28 15:37:50 · answer #4 · answered by Pundit Bandit 5 · 0⤊ 2⤋
Yes, just call a trustworthy friend who owns a pickup truck to help you haul it to a bank. You better offer him/her a reward or percentage, though!
2006-08-28 15:45:05 · answer #5 · answered by af490 3 · 0⤊ 1⤋
yes because a million dollars is still a million dollars, you would just have a ton of 1 dollar bills. Its the same as which weighs more a pound of feathers or a pound of lead? the both weigh the same
2006-08-28 15:31:25 · answer #6 · answered by Sniper 4 · 1⤊ 3⤋
I would stay there, with my money and be rich.
I would bade in them and throw them up in the air and watch the fall down over my head.
2006-08-28 15:33:55 · answer #7 · answered by Anonymous · 0⤊ 2⤋
Just rent a moving company...
2006-08-28 15:34:20 · answer #8 · answered by Richard N 2 · 0⤊ 1⤋
YES i would.
you didnt say how many trips. so i could carry it,
no problem.
2006-08-28 15:34:07 · answer #9 · answered by digital genius 6 · 0⤊ 1⤋