He also holds up to $2.2 million in something called a "dynasty trust." Somewhere between $1.1 million and $2.25 million are held in an account called "David H McCormick 2020 Dynasty Trust." A dynasty trust is essentially a pot of money often used by the ultra-rich to pass wealth down to future generations without incurring certain wealth taxes. In Pennsylvania — where McCormick owns a home and is running for Senate — dynasty trusts can last forever. $37,000 on private jet flights in recent monthsBeyond the dynasty trust, there are other aspects of McCormick's wealth that raise eyebrows.

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Persons: Dave McCormick, —, who's, It's, McCormick, Democratic Sen, Bob Casey, David H McCormick, whittle, Pennsylvania — Organizations: Service, Bridgewater, GOP, Republicans, Democratic, US, Business, Credit Suisse, Senate Locations: Pennsylvania, In Connecticut, South Dakota, Swiss, Connecticut