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Taxmom's Zim Spreadsheet

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Taxmom's Zim Spreadsheet

Post  Ssmith on Sat May 21, 2016 5:57 pm

Taxmom (WingIt)

I am presenting one version from "Word" as not everyone likes or has access to spreadsheets.  At the bottom of this page, I am also giving you a link to dropbox file with an excel version. No cells are locked. You may have to copy and paste the link to get to the active spreadsheet.
THIS IS FOR ENTERTAINMENT PURPOSES ONLY.  
      
 FOR EXPERIMENTATION AND EXPLORATION ONLY.  PLEASE SEEK YOUR OWN EXPERT FINANCIAL PROFESSIONALS 
 TO ASSIST YOU WITH YOUR OWN PERSONAL SPREADSHEETS.  
      
 IKO DEVELOPED A SPREADSHEET THAT IS NOT WORKABLE FOR ANYONE BUT HIMSELF, AND AS IT TURNS OUT,
 IT'S BASED ON HIS PERSONAL NUMBERS, AND HE DID NOT REVEAL HIS SPECIFIC FORMULAS.  SO WE ARE NOT
 POSTING THAT ~ RATHER ARE PROVIDING A BOILER PLATE EXAMPLE OF THAT SPREADSHEET THAT DOES HAVE
 VARIABLES THAT YOU CAN WORK WITH. THIS IS THE REFORMAT OF WHAT HE USED. 
      
 WE WON'T KNOW ACTUAL RATES UNTIL WE ARE AT THE BANK AND EACH OF US MAY GET A DIFFERENT RATE.
 NO CELLS ARE LOCKED. NO TAX IMPLICATIONS HAVE BEEN TAKEN INTO CONSIDERATION. 
      
 ZIM 100 Tr Less 6 zeros                  100,000,000   
 Exchange rate                               5,000   
           500,000,000,000   
    
 Annual 
 Quarterly
    
 Interest
 Interest
 EXAMPLE #1   
3%
 
 Bank Contract
75%
         375,000,000,000            11,250,000,000           2,812,500,000
 Personal Trust
25%
         125,000,000,000               3,750,000,000                                   937,500,000
      
    Total Interest           15,000,000,000           3,750,000,000
      
      
 EXAMPLE #2   
5%
 
 Bank Contract
75%
         375,000,000,000            18,750,000,000           4,687,500,000
 Personal Trust
25%
         125,000,000,000               6,250,000,000           1,562,500,000
      
    Total Interest           25,000,000,000           6,250,000,000
      
      
 EXAMPLE #3   
7%
 
 Bank Contract
75%
         375,000,000,000            26,250,000,000           6,562,500,000
 Personal Trust
25%
         125,000,000,000               8,750,000,000           2,187,500,000
      
    Total Interest           35,000,000,000           8,750,000,000
 
 [url=https://www.dropbox.com/s/ik2rxn28mcno7xs/ZIM Possible]https://www.dropbox.com/s/ik2rxn28mcno7xs/ZIM%20Possible%20Payout.xlsx?dl=0[/url]
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Re: Taxmom's Zim Spreadsheet

Post  Kevind53 on Sat May 21, 2016 6:37 pm

First mistake is giving the Zimbabwe Dollar a value, any value.

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Re: Taxmom's Zim Spreadsheet

Post  RamblerNash on Sat May 21, 2016 7:20 pm

Kevin, I think I found the problem with their spreadsheet and fixed it.

Can you, or anyone else, check my math?


ZIM 100 Tr Less 6 zeros
$0.00


Exchange rate
$0.00




$0.00






Annual Quarterly




Interest Interest
EXAMPLE #1


3%
Bank Contract 75%$0.00
$0.00$0.00
Personal Trust 25%$0.00
$0.00$0.00









Total Interest $0.00$0.00












EXAMPLE #2


5%
Bank Contract 75%$0.00
$0.00$0.00
Personal Trust 25%$0.00
$0.00$0.00









Total Interest $0.00$0.00












EXAMPLE #3


7%
Bank Contract 75%$0.00
$0.00$0.00
Personal Trust 25%$0.00
$0.00$0.00









Total Interest $0.00$0.00






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Re: Taxmom's Zim Spreadsheet

Post  Kevind53 on Sat May 21, 2016 8:30 pm

Looks about right ....

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Re: Taxmom's Zim Spreadsheet

Post  RamblerNash on Sun May 22, 2016 12:27 am

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