Whole money vs Income
Would you rather receive a 1.2 million dollar salary or receive a annual lump sum of 700k?(post tax)
I would take the 700k for immediate buying power.
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Cool story.
You mean getting a 700k tax free lump sum at the beginning of each year as in an "allowance" for doing nothing vs 1.2m in salary for presumably holding a full time job?
In any case, 700k lump sum is likely better under most scenarios especially since $1.2m salary (as opposed to capital gains/dividends/carried interests) in a high tax jurisdiction like NYC or CA will likely nets you less than 700k post tax, obviously this depends on a number of factors that affect your effective tax rate.
Both for working the same job. Hypothetically if your job offered one or the other. I say post tax meaning after paying taxes that is what's left.
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