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5
Grief 5 points ago +5 / -0

He has no idea how money works haha

0
OllyOlly 0 points ago +2 / -2

My favourite part was the "passive income" of a million a year.

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Hattmall 0 points ago +1 / -1

500k passsive income off 9 million investment is only like 7% that's hardly exceptional and pretty close to the market average.

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OllyOlly -1 points ago +1 / -2

Where are you getting 9 million from?

After the government ends up taking their cut, you're looking at getting 6-7m if you're lucky. And that's eventual payout, not lump sum.

If you take the long term payout you can't invest. If you do you're losing a third or a half.

So assuming you take the cash you might end up with 4-5 million, tops. After house and cars, two million.

Nobody's making passive income that high on two million - not to mention property taxes and other bills and shit. On two million you'd be lucky as hell to be making 7% a year unless you paid somebody professional to invest for you, and then they're taking a cut as well.

It all adds up pretty fast.

Again only a teenager looks at this and thinks this way. People who have zero experience with large sums of money.

2
Hattmall 2 points ago +2 / -0

Anything over like 30k, you should be paying someone to invest for you. Even if it's just managed ETFs. The cut they take isn't that much.

Obviously I don't know the structure of the settlement.

I was commenting on the previous poster though who said deducting 2mi for house and 1 mil for cars out of 12 million to get the 9 million.

I realize that in a real world sense she likely did not get a full 12 million. Although a proper money manger is going to get that tax burden pretty low through opportunity zone investments, tax avoidance, etc.

You could pay 4 mil to the government or 250k to a good accountant to set up a ROTH IRA a charity (Breonna Taylor Foundation) and two corporations [A and B] and reverse merge A into a nanocap OTC pinksheet company (like NSPX) which she buys a controlling interest in her IRA, then donates the remaining money to the charity which provides a grant to company B, which then purchases the shares of the newly merged company A at whatever price she sets to have tax free gains in her ROTH.

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HorribleDeplorable -1 points ago +1 / -2

I own my own business, employ multiple people, have multiple collector cars, 20+ acres of land and a modern 4K sq foot house.

My investments have averaged 18% return.

I do some basic math with modest numbers and you losers think I don’t know how it works get fucked lol

These responses are what I should be seeing on reddit, not a site with based conservatives. Maybe you guys are all just jealous that a black woman has more money than you guys ever will.

1
monk_of_trump 1 point ago +1 / -0

She has no income to sustain that amount of money. It isnt the same as someone that earned that much. Not by a long shot.

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OllyOlly -1 points ago +1 / -2

Sure you do. We all believe you.

No, really.