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Financial Literacy - Taxes
SPOTLIGHT
Celebrities talk taxes
From actress Lorraine Bracco to actor Steve Schirripa, celebrities have something to say about taxes.
Taxes made easy
 
 Celebrities:
Lorraine Bracco
George Carlin
David Crosby
Eddie Money
Jodi Picoult
John Saul
Steve Schirripa
Celebrity Q&A
Who: John Saul
Notable:
Author ("Suffer the Children," "Black Creek Crossing")
Fame & Fortune Q&A:
Bankrate: What advice would you give young writers about money?
John Saul: Make damn sure that you know when the next check is coming and that it is coming, and don't spend the tax money. I know one author who spent the tax money on the assumption that he was going to have another best-seller and when he didn't, the IRS came and took everything away from him one day. You have to be able to plan well and understand that the checks don't come in regularly once a month and you don't always know what size they're going to be. You certainly get to a point, if you've had the level of success I've had, where you have a pretty good idea what the base is going to be every year.
Lesson learned: 
Put money away to pay your taxes each year.
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-- Posted: Dec. 17, 2007
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