This is a nice example and illustration of people who are "income poor" but asset rich and are considered "wealthy". We tax income at much higher rates but don't tax physical or financial assets until they are sold (for the most part, anyway, at the FEDERAL level).
I guess you could say the characters from this movie are kinda like the children of Sam Walton of Wal-Mart fame. Asset rich, income "poor". Ok, no jokes about them being retail Vampires. :)
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| Source: Business Insider |
Compound interest really works to your benefit when you are immortal.
ReplyDeleteImmortal, like a corporation?
DeleteLOL! I can help but think that next generation of Sam Waltons great-great grandkids are going to live the "Twilight" life. Paris Hilton is getting to be too old to be a relevant vampire---time for some new blood, literally and figuratively....
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