7 ms·
~20M dollar exit; in the US, trusts have to pay out 5% per year; he has a ~1M income provided the trust invests well.
by patrocles 14y ago
~20M dollar exit; in the US, trusts have to pay out 5% per year; he has a ~1M income provided the trust invests well.
- noahc 14y agoMy understanding is that ~1M a year isn't enough to justify most people loosing their US citizenship over. However, Derek isn't exactly most people. My general sense on the issue is that money, in particular taxes, is something Derek worries about.
- noahc 14y agojust noticed this. I wanted to say, "Not something he cares about"