View Single Post
Old 03-21-2009, 12:32 PM  
sweetcuties
Confirmed User
 
sweetcuties's Avatar
 
Join Date: Feb 2002
Location: Somewhere
Posts: 5,859
I saw the story last night on 20/20... What I don't understand is why didn't he pay off his house when he was rolling?? He topped out at 750k which will drop him down to 500k being in the 28% tax bracket. He should have paid off his mortgage or most of it... he had 500k to start his own hedge fund that didn't work and he hasn't made a mortgage payment in 2yrs, very sad story but a great 20/20
__________________
sweetcuties is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote