Taxes, lawyers, agents aren’t free. I bet he is lucky to see even half that.
i am sure that hipnosys will pick up the legal tabs and bieber will be just fine...
he will be doing all the vaccination pushes for the cdc soon
Even if he only was left with ONE BILLION.
He could put that into a CD or a savings account with zero risk and even at a paltry 3% return earn, $30 million a year in interest alone, without ever touching the original $1 billion.
If your lifestyle is burning through more than $30 million a year, it’s time to reevaluate your choices.
Purely a guess...but I think you’re right on!
Start - 100%
Agent - (10%)
Manager - (15%)
Lawyer - (5%)
Gross - 75%
Lives in FLA? - State Tax (0%)
Fed Tax - (37%)
Net Inc - .75*.63 = 47%