Daily Archives: October 23, 2018
They’re From The Government, and They’re Here To Help Us!
Although today was Tuesday, and I don’t normally work at my client’s, I went in today to kind of make up for being gone for 3 weeks.
I had been monitoring things remotely so I knew that nothing had really cratered, but you never know. However I ended up spending most of the day working for the US government, specifically the US Census Bureau.
My client had received a letter from them requiring that he fill out an online 2017 Economic Census form. ‘Requiring’ as in a $5,000 fine for not doing it, and a $10,000 fine for ‘deliberately’ submitting false or incorrect information.
Ouch!
Apparently a tiny subset of US small businesses are selected at random to participate in the survey.
Lucky us!
And some of the detailed questions are for things we don’t really track. Like how much we charge customers for shipping on the items they order. Since we only pass on the amount that USPS, UPS, or FedEx charges us, we have no idea what the total amount is. So now I’m having to try and pull all this info out of the USPS and UPS apps.
And this is just one of 100’s of questions. So I’ve got my work cut out for me for the next few weeks.
After I got home we turned right around and headed back out to first have dinner at Los Ramirez Mexican Restaurant, the first Tex-Mex we’ve had since before we left for Florida, so we’ve been going into withdrawal.
Then it was on over to the storage room to break out our electric heaters for the winter. It was down in the low 50’s last night, with more of the same tonight. And the high tomorrow is forecast for the low 60’s.
Nice!
Then coming home, we stopped off so I could buy the winning Mega-Millions ticket. At $1.6 Billion+, it’s certainly worth risking a few bucks. And as usual, I got the 30 Annual Payments option, rather than the Cash Payout. As far as I know, Texas is the only state that requires you to make that decision up front when you buy the ticket. Or at least the only one we’ve encountered in our travels around the country.
The Annual Payment value is $1.6 Billion, with the Cash Payout just a little over $900 Million. So you’re giving up about $700 Million to get the money up front.
If you take the Annual Payments, you’ll get about $32 Million a year after taxes for 30 years. If you take the Cash Value and then spread it out over the same 30 years, you would have about $18 Million a year.
And realistically, what could you do with $900 Million up front that you couldn’t do with $32 Million per year?
Thought for the Day:
Did you ever notice how good you can be at something until somebody actually watches you do it?
fgs
