There’s Rich Poor and there’s Poor Poor.

December 7, 2007 · 0 comments

Will Smith talks about being rich poor – when you make a lot of money but you can’t keep it. At age 19, he owed almost $3 million to the IRS. So, for the first three years of “Fresh Prince”, his wages were garnished by 70% by the IRS. You can watch him talk about it on 60 Minutes:

[youtube=http://www.youtube.com/watch?v=_rmuYFC5pLU&rel=1]

(Hat tip: Tax Prof)

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{ 1 comment… read it below or add one }

1 Bridget December 7, 2007 at 4:34 pm

OK. I think I’m just plain poor.

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