Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

For those wondering about the Tax issue, I doubt that is the case because of: http://sivers.org/trust

He put the company into a charitable trust, which isn't ever taxed except for on what he receives from the trust, which is set to the lowest amount possible.



~20M dollar exit; in the US, trusts have to pay out 5% per year; he has a ~1M income provided the trust invests well.


My 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.


just noticed this. I wanted to say, "Not something he cares about"




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: