$1M in back CS...

[stealth2]

http://www.tmz.com/2014/06/10/love-and-hip-hop-stevie-j-arrested-child-support/

 

[Zigner]

http://www.tmz.com/2014/06/10/love-and-hip-hop-stevie-j-arrested-child-support/

I know what you meant...

But, to be technical (if not a bit anal)...

$1M = $1,000

$1MM = $1,000,000

 

[justalayman]

I know what you meant...

But, to be technical (if not a bit anal)...

$1M = $1,000

$1MM = $1,000,000

so, what does $1K = ?

and even more fun;


what about $1M ?


what about $1G?

$1M and $1MM are both correct. It's a vernacular issue.

 

[stealth2]

OK - idjit owes $1Million in back support.

Halle Berry has been ordered to pay ~$16k/mo.

 

[TigerD]

Ridiculous.

$8500 a month in child support? In what fantasy land is that not excessive? That is alimony disguised as child support.

DC

 

[Zigner]

so, what does $1K = ?

and even more fun;


what about $1M ?


what about $1G?

$1M and $1MM are both correct. It's a vernacular issue.

Technically, $1M and $1MM are not the same. That's what I said before

 

[tuffbrk]

Ridiculous.

$8500 a month in child support? In what fantasy land is that not excessive? That is alimony disguised as child support.

DC

Actually, Halle Berry was just ordered to pay $16,000 in monthly child support. If I remember correctly, in mega-wealthy cases, the courts justify this as their attempt to keep both residences of similar stature so that the child is not unduly "put off" by the lesser income earner's circumstances. Thus, the higher income earner can't "buy" the child. Or something of that sort...

 

[Zigner]

I need to find a rich mommy and daddy to adopt me.

 

[justalayman]

Technically, $1M and $1MM are not the same. That's what I said before

actually, they are. It depends on the vernacular.


In a more professional arena:

M= 1000
MM = 1,000,000
G= 1,000,000,000



in the street or the common man's parlance,

K, G = 1000 (K representing Kilo and G as an abbreviation of grand commonly accepted as $1000)

M= 1,000,000 (generally seen as an abbreviation of million)


MM is not likely to be used

the common man has no true perception of $1,000,000,000 so it is generally referred to as SToM (**** ton of money)

but to toss even more in, M can refer to the prefix of mega which is actually 1,000,000 such as in Mb and MB.

 

[Silverplum]

I read that Ms. Berry received a reduction from $20K+/mo to $16K. Also, she is to pay $300K to Dad's attorneys and $115K (I think: remembering numbers = ) to Dad for back child support. They have 50/50 custody.

 

[LdiJ]

I read that Ms. Berry received a reduction from $20K+/mo to $16K. Also, she is to pay $300K to Dad's attorneys and $115K (I think: remembering numbers = ) to Dad for back child support. They have 50/50 custody.

Can you imagine the shock to the person receiving that child support when the child ages out? For me, I think it would almost be worse to receive that kind of CS than to not receive any at all.

 

[single317dad]

Those numbers aren't really out of guideline, though. With a quick stab at the Indiana calculator, given parent A @ $100k/wk and parent B at no income, A paying $50/wk child's health insurance, A having 61-65 overnights, and no other extenuating circumstances, parent A pays $6,674 per week in CS for one child. That's $5 million annual income, which is rare, but not for A-listers.

 

[not2cleverRed]

Well, considering he's paid $0 since 2001...

... it's not like the Baby Mamma is living high on the hog off of CS.

At this point, she can consider this her retirement/college fund... if she ever gets any of it.

 

[TigerD]

Can you imagine the shock to the person receiving that child support when the child ages out? For me, I think it would almost be worse to receive that kind of CS than to not receive any at all.

There is no reason that someone receiving that kind of money will not be a multimillionaire in their own right after three-to-four years.

DC

 

[stealth2]

Actually, Halle Berry was just ordered to pay $16,000 in monthly child support.

Oh, I must have dreamed posting that.