Photo: Nao Triponez

How much is $1000 hour a year?

So while a lawyer might net $635 after tax on a $1,000 billable hour, a hedge fund manager could keep $850 of the same $1,000. No mater how you cut it, though, $1,000 an hour is impressive. Bill the annual average of 2,200 hours and that's a nice $2.2 million in gross pay.

cbsnews.com - Look Who's Making $1,000 an Hour - CBS News

Where can I go instead of social media?

27 Things You Can Do Instead Of Spending Time On Social Media 1 – Have a Conversation. Like, a real conversation. ... 3 – Go To Your Favorite Cafe...

Last updated Dec 31, 2021

What are the 10 disadvantages of technology?

17 Digital Technology Disadvantages Data Security. Crime and Terrorism. Complexity. Privacy Concerns. Social Disconnect. Work Overload. Digital...

Last updated Feb 4, 2020

Promotion

Want to earn $1,000 an hour? Well, there's a perfectly legal way to pocket this princely sum: Despite all the really good reasons not to go to law school, go anyway. Then wend your way into a top-flight firm, work ungodly hours for years to make partner, and then you may be able to join the ranks of upper-crust lawyers who now command an hourly billing rate of $1,000 or more, according to the Wall Street Journal.

Yep. $1,000. An hour.

Just another jarring data point in the widening income inequality divide between the have-a lots and the have-a-lot less. What those lawyers bill in one hour is more than the median weekly earnings in this country of $782. Granted, less than 3 percent of lawyers are estimated to command that $1,000 an hour, but according to the WSJ piece, the average partner rate is $575 an hour. Not exactly chump change, either. Now I respect this is just free market capitalism at work. If there are clients out there willing to pay those fees, that's their prerogative, just as it is the prerogative of the lawyers to ask for that much. That said, I would think shareholders of public companies would sure like to know if the firm could get proper representation at a mere $575 an hour, rather than the $1,200 that some corporate legal eagles are pulling down. And to be fair, lawyers are far from the top of the earnings heap. Consider that hedge fund manager John Paulson reportedly raked in a $5 billion payday in 2010. If he billed based on 2,200 hours a year (what law partners typically book), his rate would have been $2.3 million an hour. That makes Alex Rodriquez's paycheck from the New York Yankees look downright pauperish: ARod earns about $170,000 a game, or about $56,500 an hour based on the average 3-hour length of a Yankee game. Moreover, the hedgies (and venture capitalists) enjoy an entirely indefensible tax deal -- which Congress continues to rubberstamp -- that allows them to treat much of their pay as long-term capital gains (top rate: 15 percent), rather than income (top rate 35 percent). So while a lawyer might net $635 after tax on a $1,000 billable hour, a hedge fund manager could keep $850 of the same $1,000. No mater how you cut it, though, $1,000 an hour is impressive. Bill the annual average of 2,200 hours and that's a nice $2.2 million in gross pay. It got me thinking what we could get done if we were all pulling in $1,000 an hour. Yes, I realize the partners don't pocket all the money, and yes there are those pesky taxes to pay. But for the simple reason $1,000 is a nice, round (and resoundingly stunning) number, let's take a spin through what you all could do (and how long it would take) if the boss decided to skip the 3 percent salary boost this year and bumped you up to $1,000 an hour:

What are the 3 most popular forms of social media today?

Top Social Media Platforms in 2022 Facebook. 2.9 billion. YouTube. 2.56 billion. WhatsApp. 2 billion* Instagram. 1.47 billion. WeChat. 1.26...

Last updated Apr 17, 2019

What should my net worth be at 40?

Net Worth at Age 40 By age 40, your goal is to have a net worth of two times your annual salary. So, if your salary edges up to $80,000 in your...

Last updated May 28, 2021

Promotion

How many Americans make 6 figures?

5. How Common Is a 6 Figure Salary? According to the latest data available, around 5.4% of the American population makes 6 figures, but most of them earn in the lower range. For example, approximately 15.5% of 6-figure earners in the US make between $100,000 and $149,999.

letter.ly - How Much Is 6 Figures? [+9 Other Burning Salary Questions] - Letter.ly

Figures in salaries are frequently used as a polite and less nosy way to describe a person’s income. They place earnings in a range that provides us with more insight into people’s success. This vague politeness begs the question, though, “how much is 6 figures, really?” What does it say about a person’s lifestyle? Can you actually rate somebody’s success based on it?

We’ve got the answer to this question and nine more you maybe didn’t consider. In addition, you’ll learn more about what different figures mean in terms of salaries as well as which professions could bring you that kind of money.

Is a marketing career worth it?

Marketing is a good major because it's extremely versatile and may lead to a variety of high paying, in-demand careers, with great job satisfaction...

Last updated Aug 2, 2018

How do you get paid for being friends?

And the same applies to seniors who have lost their partners. Rent a Friend. If you want to get paid to be an online friend, RentAFriend is one of...

Last updated Dec 10, 2018

Promotion

Why do we need referral?

A referral provides information about you and your condition so that: the person you are being referred to does not have to ask so many questions....

Last updated Jul 4, 2019

Promotion

Which thing is most searched on YouTube?

Top 100 YouTube searches in the US # Keyword No of Searches 1 pewdiepie 45,71,398 2 asmr 40,36,274 3 music 33,47,560 4 markiplier 29,69,267 48 more...

Last updated Jan 5, 2018