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Yes, that’s correct but a year or two back he did liquidate some of that money and to pay taxes. I thing he’s the record holder for having to pay the must taxes at once by a single individual.
He doesn’t pay income tax now. He has no taxable income. The guy isn’t drawing a salary, his money comes from capital gains and he’s taxed on that.
Yes, that’s correct but a year or two back he did liquidate some of that money and to pay taxes. I thing he’s the record holder for having to pay the must taxes at once by a single individual.