How much is $1000 an hour?

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.

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

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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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:

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Has anyone hit a 16 game parlay?

In the case of one bettor at BetMGM Sportsbook, the game between the Detroit Lions and Green Bay Packers was the chance to cash the parlay of a lifetime. A $25 ticket had the chance to become $726,959 thanks to a 16-leg parlay of NFL moneylines. Now, I know what you're thinking.

vsin.com - A $25, 16-leg NFL parlay almost won $726000 on MNF - VSiN

Monday Night Football has always carried a lot of significance in the sports betting world. The standalone game on the first day of the work week typically features a good matchup, a competitive game and a large betting handle. It is a chance for bettors to recoup losses from the weekend or build upon profits. In the case of one bettor at BetMGM Sportsbook, the game between the Detroit Lions and Green Bay Packers was the chance to cash the parlay of a lifetime. A $25 ticket had the chance to become $726,959 thanks to a 16-leg parlay of NFL moneylines. Now, I know what you’re thinking. What a great situation to be in needing the Packers to beat the Lions, as Green Bay took the field as a double-digit favorite. Here’s the M. Night Shyamalanian twist ... the bettor actually needed the Lions to win outright. Detroit was easily the biggest of the five underdogs on the parlay, which started with the Washington Football Team on Thursday night. The ticket almost died on the vine before it got started, as Dustin Hopkins missed his first game-winning field goal attempt from 48 yards and then made the second one from 43 after the Giants got whistled for being offsides.