[quote=sdrealtor]While their debt is massive their incomes are massive as are their tax bills. Many of our worker bees pay less over their entire lives than these guys pay in a single year.[/quote]
I don’t buy into the notion that these “professionals” pay more taxes in one year than “worker bees” do in a lifetime. If anything, they have more writeoffs, “loopholes,” and legal tax shelters available to them than “worker bees” ever would.
FWIW, my children (except for one straight-A HS student) are currently working full time and making more $$ than me, driving newer vehicles than me, traveling more than me and paying more monthly rent than my mortgage. I don’t see myself with any future “boomerang-kid” problems, thank you! Except for one $4K car loan, none has any continuing debt, to my knowledge :=)
I’m proud of them and I hope the rest of the Piggs are this lucky!
