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Old 01-08-2015, 06:08 PM   #16 (permalink)
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Most of the people I know who have what I would call a lot of money, don't buy expensive cars like Corvettes. They also don't live in houses that many would expect them to live in.

In most cases where they live in million dollar plus houses and drive 100k plus cars, its becuse their current taxable income is so high they need the deductions to keep some kind of control on their tax liability. A big mortgage deduction and a correspondingly large deduction for vehicle expenses, when it is subsidized by a 50%+ contribution of otherwise money lost to taxes, is where they "invest" otherwise taxed monies.

It's not that they don't care, it's different proirities.

regards
mech
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