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Cake day: June 18th, 2023

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  • The $5 million is earning interest at the “judicial interest rate”. Which is 4% (and tied to t-bonds) instead of 100%. That’s how the $5 million became $5.8 million during the appeal.

    Trump was also probably required to post an appeal bond in cash or other security to cover the entire amount of the judgement plus expected interest. So when Caroll does finally get her money, the check is probably going to come from an escrow service or similar, not from Trump directly.






  • Just to be clear: with a marginal tax rate, if your income is $10,000,001, you pay $0.70 tax for the $1, and the rest of the $10,000,000 is taxed according to the lower tax brackets.

    The first $50,000 of that $10 million is taxed just like the guy that only made $50,000.

    The US tax system is slightly more complicated than this, but there’s no situation where you can get stuck with a huge additional bill because you edged slightly into the next higher tax bracket.