teetee12:
I beg I will go for green card. with that I can achieve degree in different field in u.s.a and earn over 100.000 dollars per annum. mind you your 20m here in Niger can get off under a year because your pole will come to you and buy things all kind of voodoo.

jaybee3:


do you think otherwise?

cococandy:

So if you earn 100,000 dollars in America you pay 31,000 in taxes and of home tog 69,000?

I've read all sorts of things on this thread today.

mufasaus:
The difference between Femi Otedola and those that I am talking about is they earned their money honestly and nobody have to suffer or live in an unjust society. To average Nigeria $450,000 is a lot of money but if you live in USA and work very hard, plan your life, it is nothing. I know Nigerians here who work for Investment Bank and their bonus alone is over $10m. May be you guys only hang out with the wrong crowd.

By the way, the guy who bought the $450,000 investment property is not only selling laptops alone, he does a lot more, he owns the Mr Biggs in Challenge in Ibadan, owns supermarket and he has a business he runs in the US too. I am not saying everybody can achieve this but it is much easier here if you work very hard, you don't need to kiss anybody's ass and the law will work for unlike in Nigeria where you can open a business and the authority can shut you down if you mess with the wrong person.

ayodele234:


Yes you heard it from me and you should thank God someone is opening your eyes. God help you if you live in New York. Your earnings will drop to $64,000 after tax. People earning $100,000 in New York are just getting by. Quote me anywhere

jaybee3:


do you think otherwise?

ayodele234:


Green card can't give you 5 million in 15 years. Do not believe the hype. When they get to America they will understand. Go to school do anything you like(aside from drugs and fraud), you will never be able to save up to $30,000. Everything you see in America is debt. People don't own their house, cars etc. Most Nigerians even take out burial loans to come bury a relative in Nigeria and you will be thinking they are rich. In America you just pay the bills, forget about getting rich.

http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06?siteid=yhoof2

cococandy:

Okay is it New York only specifically?
Because I don't like to argue what I don't know.

I live in Seattle (which currently ranks in the top 10 most expensive US cities to live in) but trust me that 31,000 dollars yearly tax will make anyone who lives here raise their eyebrows at you as if you just dropped from another planet if you say it.

But if you say that's how it is in NYC I.e more than 30 percent tax, then I feel really bad for you guys.
Kpele.
That's really excessive. Have you considered relocating?

989900:


Try France @ 70-75% tax for millionaires.

Arnault (the richest French man), I guess was planning to renounce his citizenship.

cococandy:

I guess you're just pulling my legs.

This NL self . I don't even know when one is serious or just being sarcastic.

Anyway Millionaires aren't normal people like us

989900:


Pulling your legs of course . . . but for real though, it is 70-75% in France for millionaires.

989900:


Try France @ 70-75% tax for millionaires.

Arnault (the richest French man), I guess was planning to renounce his citizenship.

ayodele234:


People who earn 150k annually still take loans to send their kids to school in America. In 2015 America earning $100,000 is nothing. After tax you will be left with $69,000 which barely pays the bills if you are living in a rented apartment that cost $1,500 monthly.

magicminister:



this is false play boy!!
The 70 percent tax rate thingy was a plan but it was jettisoned after several considerations

cococandy:

Okay is it New York only specifically?
Because I don't like to argue what I don't know.

I live in Seattle (which currently ranks in the top 10 most expensive US cities to live in) but trust me that 31,000 dollars yearly tax will make anyone who lives here raise their eyebrows at you as if you just dropped from another planet if you say it.

But if you say that's how it is in NYC I.e more than 30 percent tax, then I feel really bad for you guys.
Kpele.
That's really excessive. Have you considered relocating?

ayodele234:


Washington doesn't have state tax so you will be left with $71,000

modelboy:
i swear what that guy just said is the 100% truth of how things happens in the u.s.a you could get anything via credit too as long as you're a citizen Car, education,house e.t.c everything on loan no one to hurry you up to pay....

sleek82:
Well somany might see no sense in this but i still would say it anyway. I currently live in canada with a green card and i work $23/hr and 40hrs a week, pls do the maths and calc how much i earn in a month....mind you, this is my first job and i am just 4mnths old in Canada. Somany would pick 20mill and think they would start a biz with it....yeah it makes sense, only that 20mill might not sustain you for a long time and dont forget that theres no extra income to care for your needs, which means you probably would be practically living on the profits made from the biz you are starting and who says the biz will even boom?....remember you have families too that would not let you rest from the fact that they heard that you just received 20mill ooo. As i am, i can travel to any country i so like....any country!
But just analysing the two things, i think the green card is better cos it would give you the opportunity to make a good living both for you and your immediate family and you can make a living that would save you 20mill at the long run but on the other hand, 20mill will almost never give you a green card even if you get successful at the long run. This is just ma opinion sha ooo

klax:
Pls do you know the meaning of green card I guess you don't know because if you know the meaning you won't be comparing 20 million to green card ok.

Now listen very well green card in your hand is the beginning of a new age slavery under the white man get that fact today. This is mistake many are making green card is not money ooo listen very well it's just a *a stay* or resudency* that is all, you will need to work your a s s to become anything in that environment, millions around the world from Nigeria with stays or green card are roasting out their some has be working with that green card for 15 years or more without having 1 million naira in their accout in Nigeria or equivalent in any foreign currency wherever they are talkless of 20 million.

I live their, I studied and not only live their i have their citizenship but Bro home is good I mean my Nigeria is great if not for bad government what is green card Bro it's a mere travelling and working paper, period

Have advised so many of my friends to come down home snd try something but some accepted but many refused and can't blame them insecurity etc but it's our country if Dangote, Adenuga etc still stays here in Nigeria then what is the excuse Home is good Bro.

God bless.

nextstep:


But if you're like most Nigerians who are successful within Nigeria, you don't need a green card to provide for your family. In fact, it's those people I admire: they have successful businesses; mansions in Nigeria AND in the US/UK; can travel as they like; and send their children abroad to study. Very very few green card holders can do any of that; most are just barely surviving. Which leads me to do the math, as you say.

$23/hour * 2000hours/year translates to $46000 anually. Let's break it down (roughly):

Tax rate in Canada on the first $45,000 is about 16%, leaving (46000 - 46000*16%) = $39000
Housing is about 1400, give or take, depending on if you have dependents, and adding heating+electric+internet+cable, leaving (39000-1400*12) = 22200
Food is about 500, transport 200 (600 if you loan a car), clothing, cell phone, etc. can become another $1500/month, leaving (22000-1500*12) = $4200

$4200CAD is about #700,000NGN

These numbers may not reflect your reality, but I'd be impressed if you managed to save more than 700k per year in Canada. If you did, you'll need to save for almost 28 years. Don't forget you're also going to pay sales tax on your car, clothing, phone, in short most things, so you'll end up with less than this.

With 20million today, hah, my life will change.

Obiwannn:
How many persons in Nigeria can boast of 700k in Nigeria a year in savings?don't Forget that this is just his first job.

nextstep:


We're not comparing him to other wage earners in Nigeria. We're comparing whether a person who got green card is better off than a person getting 20million and staying in Nigeria.

I was just showing how you'd have to work for and save 700k over 28 years to save 20million, and all you'll have to show for it is old age. A person with 20million can transform his life by business. A person with green card will grow old working hard for others and never really transform their life.

20million today, well utilized, will yield so much more than a green card, well utilized.

cococandy:

That's not true but I don't want to argue with you because that would mean me using personal family income information to prove to you that we don't pay 30% government tax here and I don't wanna do that. So let's not go into such details.

Even those categorized as the 25% tax bracket group who make 100k will pay about 17,000 out of that MAX which is more like 17% really just that their group is above the 10% group (yes there's a 10 percent group) and below the 25% group so they classify as 25 percenters.

You'd have to make significantly more than 100k to be in a higher tax group. I.e 30 percenters.

Obiwannn:
How many persons in Nigeria can boast of 700k in Nigeria a year in savings?don't Forget that this is just his first job.

ayodele234:


Cococandy, then you must be married. The tax rate for a single person is different from someone who is married. Single people tend to pay higher taxes. Otherwise my calculation is 100% correct

989900:


Your comment is rather limited/myopic.
Read other comments on here.

nextstep:


We're not comparing him to other wage earners in Nigeria. We're comparing whether a person who got green card is better off than a person getting 20million and staying in Nigeria.

I was just showing how you'd have to work for and save 700k over 28 years to save 20million, and all you'll have to show for it is old age. A person with 20million can transform his life by business. A person with green card will grow old working hard for others and never really transform their life.

20million today, well utilized, will yield so much more than a green card, well utilized.

ayodele234:


While majority of Nigerians can't boast of 700l savings, 62% of Americans cant boast of a merely $1,000 in their savings account. And that's just 200k when converted. http://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06?siteid=yhoof2

cococandy:

Yes I'm married