Jesse Stephenson

@BigBrainBizness Bro could plan his long term financial health better than his own health 😂

Steve Jobs' death was supposed to be the government's biggest estate tax collection. Instead, it made his wife a billionaire overnight. Here's how Jobs planned for this satisfying outcome years before he passed: When Steve Jobs died on October 5, 2011, his net worth stood at $7 billion. The U.S. government was ready to collect billions in estate taxes. Under 2011 estate tax rules, only $5 million was exempt, and everything above that got taxed at 35%. The expected tax payment? $2.45 billion (that's more than many countries' entire budgets!) But Jobs had been planning for years ↓ Back in March 2009, over two years before his death, Jobs and his wife Laurene quietly transferred three California properties into two separate trusts. Then his attorneys moved the biggest assets: • 38.5 million Apple shares • 138 million Disney shares from the 2006 Pixar sale • Three California properties including his Palo Alto residence and the Woodside mansion he purchased in 1984 for $3.5 million All funneled into the Steven P. Jobs Trust. The strategy was elegant in its simplicity... Jobs exploited the unlimited marital deduction, a cornerstone of U.S. tax law that allows unlimited asset transfers to a surviving spouse without immediate estate tax. The only requirement? The spouse must be a U.S. citizen. Laurene qualified perfectly. When Jobs died, his simple "pourover" will directed all remaining assets into the private trust. No public probate. No court battles. No tax bill. The IRS collected exactly $0. Overnight, Laurene transformed from a successful venture capitalist into one of the world's wealthiest women, controlling over $10 billion in assets. But here's where it gets even smarter ↓ Because the assets passed through the trust at death, they received a "stepped-up basis" to fair market value. This means all the capital gains Apple stock accumulated over decades were erased for tax purposes. Laurene didn't stop there. After 2011, she deployed Grantor Retained Annuity Trusts (GRATs) to transfer roughly $500 million tax-free to their children, dodging another $200 million in gift and estate taxes. By 2025, her net worth hovers around $11.9 billion. The government's anticipated $2.45 billion windfall? Still $0. Jobs built revolutionary products throughout his career, and his estate plan was no different. Turns out, the best financial strategy is often about keeping what's already yours. — Thanks for reading! Enjoyed this post? Follow @BigBrainBizness for more content like this.

@_JHokanson DISLIKE 👎

Auburn WR Cam Coleman plans to enter the transfer portal: on3.com/boards/threads…

@TimSweeneyEpic @mattworkman Man who financially benefits from replacing people with AI wants to hide usage of AI 😂

@mattworkman Agreed. The AI tag is relevant to art exhibits for authorship disclosure, and to digital content licensing marketplaces where buyers need to understand the rights situation. It makes no sense for game stores, where AI will be involved in nearly all future production.

Steam and all digital marketplaces need to drop the “Made with AI” label. It doesn’t matter any more.

@JeffNippard I shared your book with my wife (complete lifting beginner). She loved how approachable and informative it is and she's just started one of your recommended programs 🙌

@LocalThunk Looking forward to it whenever it comes 🙌

I wanted to give an update on the Balatro 1.1 release date: localthunk.com/blog/im-slow TL;DR is that it will not be coming out in 2025, it is still coming out for sure, and I'm sorry. The new timeline is "it's done when it's done" Please read the blog post for more details

@LocalThunk 1.1 idea: hold mouse1 while moving pointer to multi select cards in a row. Love the game 🔥

@HindenburgRes Where are the Indian bots that have been saying this was fake news from a US firm? 😂

BREAKING: Gautam Adani and 7 other executives criminally indicted in the U.S. over $250 million in alleged bribes. The SEC has filed parallel charges in the “massive bribery scheme”. justice.gov/usao-edny/pr/b…

@notpopbase @CommunityNotes You may not eat meat but you got cooked 😂

I have been Vegan for 7 years, but I cannot afford to buy expensive Vegan food if my posts are ineligible for X ad revenue. This is an attack on my lifestyle and on animals. Puerto Ricans are NOT Americans @CommunityNotes. I will not be silenced.

@Beaslj06 @HaterReport_ 😂

@HaterReport_ @jStepTweets

Jameis Winston don’t even play football no more, he just give pregame speeches 😭😭 “Remember the time after that victory you went to CiCi’s Pizza”

@_MLFootball @BussinWTB @Beaslj06

TRENDING: A #Colts fans made a hype song before today’s preseason season game & for the seasons. One for the record books 🤯 (🎥@BussinWTB)

@Raul_Labrador disgusting you'd try to stand in the way of democracy.

@Enezator @Beaslj06

@hubermanlab thoughts on the this study linking fish oil to heart issues in healthy populations? bmjmedicine.bmj.com/content/3/1/e0…

@VBkramnik You take a statistics class yet? 🤔

Congratulations to proud co winners of Titled Circus this evening Egor Baskakov (FIDE 2272) and Artin Ashraf (FIDE 2268) And special thanks to chesscom for helping dreams of many unknown players come true

@ImperialHal This is an objectively good change for the game

ALGS has just forced us to play on a random draft POI system in a competitive lobby , probably the worst change ever made in Apex history. #SaveApexComp For context not a single Comp Player was in favor of this and they still pushed it in. Love giving feedback!

@TrungTPhan @Beaslj06 big Paul energy

When you promised to help your buddy move furniture but don’t want to throw out your back and are really just there to hang out, tell jokes and eat a couple slices of pizza he bought

@JoePompliano @Beaslj06 you going to cop? 👀

Christian McCaffrey has listed his lakehouse in Charlotte, North Carolina, for $12.5 million. • 6 beds / 7.5 baths • 12,000-sq-ft • 500-ft of lakefront • Movie theater, gym, pool & boat dock McCaffrey bought the home for $7.5 million in 2020 when he was with the Panthers.

No way I jus seen Bill Belichick at Chick-Fil-A in midtown

@chesscom @duolingo Delete this

does green make our butts look big? 🤔

The Sandusky situation didn’t give Penn state a competitive advantage but the punishment from the NCAA banned us from bowl games and vacated a lot of wins. The punishment for this Michigan scandal is about to be huuuuge.