Shes just grieving! BiGoTs! She spends money as a way to cope with stress!
(media.patriots.win)
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My favourite part was the "passive income" of a million a year.
500k passsive income off 9 million investment is only like 7% that's hardly exceptional and pretty close to the market average.
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.
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.
This is a reasoned, intellectual response and I appreciate it.
I mean none of us know shit. Realistically I don't know if the money you get from a gummint settlement is taxable. I suspect it is but, really, how many people have experience with it?
But yeah.
Good post. And I agree. Pay somebody to handle your finances if you have money. It's worth it.