Posted on 10/10/2023 8:58:05 PM PDT by Jonty30
“ The average property tax rate in LA County is .82%, so property taxes on the new crib are $400K a year”
He got 900 million lump sum — I don’t know it it’s pre-tax or not.
A mere $299,061,975.
On $1 million expect 33% minimum taken from you for taxes.
So thats $700,000 .
You then are taxed again on income for that year.
You also get taxed “Luxury Tax “ on those cars and houses you couldnt wait to have as well which is where these idiots screw up.
California will carve him into little pieces and spit him out within two years when hes broke.
Travis Tritt. Made his money and got the hell out of Nashville.
It’s pre-tax.
The $2.4 billion is the amount that you receive over 30 years by them investing that one-time payment that you can opt for instead. So, he took about a billion as a one-time payout and paid taxes on that, which works out to be about $630 million net.
Depending on the state, the payout could be more or less depending on the taxes in that state.
This guy is on a trajectory to end up broke, or dead, or both.
Chattanooga, Tennessee seems nice.
That would be a wise choice, but Mr. Castro’s appetite for over the top luxury seems much greater than his smarts or his taste.
I’d give him a year. He still has to buy an island, yacht and jet.
Can you even imagine the amount of Junk Mail he’s getting now? Emails, Texts, DMs from Twitter, Paper on top of other paper. “Lucrative” franchise opportunities.
Maybe he should ask Shaq, the retired ballplayer about franchises. I hear he has invested well. Judging from his public persona (lowkey/somewhat goofy), most would not guess Shaq to be good with his money.
If he’s part American Indian, here come the offers to build a casino.
“ Unless he has some master plan in mind, he’ll be broke in 5 years.”
It’d be hard to do that with $600M cash.
Soon to be home to illegal migrants.
He’s also been paying a security team, which must be costing him over $500,000/year.
Mike TYson did it with $300 million. Johnny Depp burned through $500 million.
You have to pay taxes on a lottery win?
We don’t have to do that....but give Trudeau a bit more time and he’ll rake that in as well.
He already spent, based on news accounts, $77 million just on property and it hasn’t even been a year. He’s also nabbed several million dollars in vehicles.
The taxes on his 3 homes will run him $770,000 per year. Utilities, maintenance, and landscaping another $200K.
If he continues at this pace, my projection will be very close to accurate.
True that
I love to visit but I admit I stick to the nice areas where my friends live
Traffic and campers are an issue though
He’s also paying a security team and that must be costing him $500,000/year or more.
He has two thousand millions.
It’s his cash but I’d seek investment security and maybe do some biz of my own with half
Live on secure income from the other half
Id buy property outskirts of towns like north Dallas Austin Nashville charlotte and Maybe speculate in New Orleans cause I like it
Nice digs in garden district and uptown are still cheap comparatively
And hipsters who like it or not are bellweathers love Nola like they do Nashville and Austin
Look for undervalued businesses that need better and more detached mgt and at good cap rates
Short petroleum some hoping trump gets elected
Maybe even five million in naked options on an invst vehicle hoping that direction
Give some to Pelham to invest on a wrap for me
He’s better than me at that
Yeah I could stay busy
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