You would think she might be employing a financial professional who could explain this stuff to her.
In a recent interview, Plum explained why she decided to sign for $999,999, instead of $1 million. She said it’s because of California’s tax rate. She claimed that if she had signed for $1 million, it would’ve cost her $13,000. There’s a 13 percent marginal tax rate on people who make $1 million and more in California.