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Financial Literacy - Taxes
Celebrities talk taxes
From actress Lorraine Bracco to actor Steve Schirripa, celebrities have something to say about taxes.
Taxes made easy
Lorraine Bracco
George Carlin
David Crosby
Eddie Money
Jodi Picoult
John Saul
Steve Schirripa
Celebrity Q&A
Who: Eddie Money
Musician ("Two Tickets to Paradise")
Fame & Fortune Q&A:
Bankrate: So by this point, did you have a solid investment strategy, or were you just letting other people handle the money?
Eddie Money: I owned a couple of windmills, and I'm pretty good at owning my house. But there were back taxes and all kinds of B.S. It came and it went, I have no idea. I always had a really good CPA that I trusted. I don't think anybody really ripped me off.
Bankrate: Windmills?
Eddie Money: Yeah, at one time. They were in the Altamont Pass area of California. I went to look at them, there were 9,000 windmills. I didn't know which ones were mine. I wondered, "What kind of investment is this?"
Bankrate: Were they profitable for you?
Eddie Money: Yeah. It was a big tax write-off. You're making a lot of money; you're looking for shelters. When you're in that upper tax bracket, they're taking 51 percent of your money.
Lesson learned: 
Look for investments that provide tax deductions.
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-- Posted: Dec. 17, 2007
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