I suspect you mean dedcution: Depends on many things. First contribution deductions are limited to 50% of your income...so you would have to have 2M of income to use it in one year. Then it is like any other dedcution and lowers your tax, at whatever rate you may be paying...after all the blending and such. I don't believe it can help offset capital gains tax, which a lot of people in higher income brackets have a lot of. There are alos a number of other restrictions and considerations.
15 million dollars from 1992 is equal to 15 million dollars in 2011, but it can't buy as much as it could then.
Everything that is valued at $500 million dollars or less.
Maybe. If she gives you a million dollars, you'll have to pay tax on it. If you marry her and she has a million dollars, then you are a millionaire with no additional tax. I suppose you could exploit her and make a million dollars that way.
It all depends on how good of a player you are. You could make as little as 2 million dollars all the way up to 87 million dollars. Plus you could make more than 87 million dollars!
You could donate some of it to those less fortunate than you because nobody could possibly need that much money.
That's a lot of money! You could travel the world, save for college, pay off loans/debt or buy expensive things that you have never experienced before. Who wouldn't boast with that much money? How about hire a butler/maid, donate to charity, or build your dream home? Their is so much you could do with $250 million dollars.
That all depends. What type of corporation? What is your risk exposure? What is your loss history. There is not enough information to answer. Could be 100 dollars or could cost you a million dollars.
I could have won one million dollars, had I won the lottery.
There are many ways to earn a million dollars. You could invest money monthly in an interest bearing account and wait for it to accumulate to a million dollars. This will probably take up to 50 years depending on your monthly investment. You could win the lottery which is very unlikely. Most of the time people who earn a million dollars work very hard and are go-getters who innovate and are motivated. They don't spend their money, they save it and they invest it intelligently. Unfortunately there is no tried and true formula for earning a million dollars or we would all have a million dollars or more!
If you had 71 million dollars, you could. But if that bank went out of business, since the FDIC only insures 1 million dollars per account, you would only get 1 million dollars back from your 71 million. But if you put 71 mil. in a bank, i highly doubt it would go out of business.
Rob a bank! How could you not know?!
yes, very well.