Money Marvin

captmoto
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captmoto 10/15/2017 9:02am
10/15/2017 9:02am
Do riders still give 10% of their purse money to their mechanics? If so we can call Frankie, Frank the Bank.
captmoto
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captmoto 10/15/2017 9:06am
10/15/2017 9:06am
The million gets paid by an insurance company. Feld insures the race against a win for a million bucks. They probably pay a lot less than that for the policy.
RonSkj
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RonSkj 10/15/2017 9:46am
10/15/2017 9:46am Edited Date/Time 10/15/2017 9:47am
captmoto wrote:
The million gets paid by an insurance company. Feld insures the race against a win for a million bucks. They probably pay a lot less than...
The million gets paid by an insurance company. Feld insures the race against a win for a million bucks. They probably pay a lot less than that for the policy.
It also gets payed out over 20 years. He'll actually get a yearly check that is less than the interest would be, if he got the million and put it in the bank.
NV825
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NV825 10/15/2017 10:13am
10/15/2017 10:13am
Roorda085 wrote:
What did Marvin say when taking his helmet off? .........if I won the million I'd give him 10 grand.

Who was he talking about?
nascarnate326 wrote:
I think he was talking to frankie his mechanic but 10k seems super low. 50k at least.
I think they were trying to do quick math for 10% of winnings and forgot a zero. I'm guessing Frank the Bank is getting $100k.

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MX Guy
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MX Guy 10/15/2017 2:40pm
10/15/2017 2:40pm
captmoto wrote:
Do riders still give 10% of their purse money to their mechanics? If so we can call Frankie, Frank the Bank.
Wonderful indeed
Motoxdoc
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Motoxdoc 10/15/2017 3:44pm
10/15/2017 3:44pm
Makin It Rain Money Marvin!.......or just, Rainin Money Marvin. How about "Rainin Money" for his next butt patch?
Aussie_power_sports 10/15/2017 3:48pm
10/15/2017 3:48pm
RonSkj wrote:
It also gets payed out over 20 years. He'll actually get a yearly check that is less than the interest would be, if he got the...
It also gets payed out over 20 years. He'll actually get a yearly check that is less than the interest would be, if he got the million and put it in the bank.
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a massive amount to tax
hyler199
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hyler199 10/15/2017 4:13pm
10/15/2017 4:13pm
I think what Marvin said about 10k has to refer maybe they thought they had a chance at overall for 100k....... 10% of 100k = ?!??!!?!??!!?!?! Dont think Marv thought hed actually do it
umagumadog
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umagumadog 10/15/2017 5:44pm
10/15/2017 5:44pm
The million dollar Musquin
Forty
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Forty 10/16/2017 9:02am
10/16/2017 9:02am
Marvin has had a great 2017....3rd over all in SX with a couple of wins, came within a tweaked knee of winning the outdoors and now he sweeps the MEC and cashes in...his momentum is huge going into 2018...
mxbrady551
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mxbrady551 10/16/2017 9:11am
10/16/2017 9:11am
hyler199 wrote:
I think what Marvin said about 10k has to refer maybe they thought they had a chance at overall for 100k....... 10% of 100k =...
I think what Marvin said about 10k has to refer maybe they thought they had a chance at overall for 100k....... 10% of 100k = ?!??!!?!??!!?!?! Dont think Marv thought hed actually do it
To me it sounded like he said “I told Matilda I would give her 10k if I won a million this week.” He acted like he said it thinking the likelihood of it happening was low, lol.
mxbrady551
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mxbrady551 10/16/2017 9:12am
10/16/2017 9:12am
What’s the lump sum if you take it all at once and not over the 20 Years?
crusty_xx 10/16/2017 9:12am
10/16/2017 9:12am
Aussie_power_sports wrote:
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a...
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a massive amount to tax
Anyone know how much tax he would have to pay?
To me it sounds pretty dumb to not have them pay it all at once. If they only give you 50k a year over 20 years, you lose all the interest you would get from putting a million minus tax on a bank account.
NV825
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NV825 10/16/2017 9:17am
10/16/2017 9:17am
Aussie_power_sports wrote:
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a...
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a massive amount to tax
crusty_xx wrote:
Anyone know how much tax he would have to pay? To me it sounds pretty dumb to not have them pay it all at once. If...
Anyone know how much tax he would have to pay?
To me it sounds pretty dumb to not have them pay it all at once. If they only give you 50k a year over 20 years, you lose all the interest you would get from putting a million minus tax on a bank account.
I think it works out to be around 30% in taxes taken out. So around $300k goes to Uncle Sam if it's a lump sum.
Mit12
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Mit12 10/16/2017 9:34am
10/16/2017 9:34am
Aussie_power_sports wrote:
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a...
I thought you can choose whether its paid over 20 or straight away. The reason villo chose the 20 year option was to not lose a massive amount to tax
crusty_xx wrote:
Anyone know how much tax he would have to pay? To me it sounds pretty dumb to not have them pay it all at once. If...
Anyone know how much tax he would have to pay?
To me it sounds pretty dumb to not have them pay it all at once. If they only give you 50k a year over 20 years, you lose all the interest you would get from putting a million minus tax on a bank account.
NV825 wrote:
I think it works out to be around 30% in taxes taken out. So around $300k goes to Uncle Sam if it's a lump sum.
I believe Villopoto said it was 50%.
SweetDaddy
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SweetDaddy 10/16/2017 10:29am
10/16/2017 10:29am

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