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:
http://www.cbsnews.com/videos/will-smith/
(Hat tip: Tax Prof)
OK. I think I’m just plain poor.