Taylor Swift at 2012 Academy of Country Music Awards

  • Taylor Swift at 2012 Academy of Country Music Awards
Taylor Swift arrives at the 47th Annual Academy Of Country Music Awards held at the MGM Grand Garden Arena on April 1, 2012 in Las Vegas, Nevada.
Taylor Swift at 2012 Academy of Country Music Awards
Source: Getty Images
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  • Zakir
    Zakir

    Your making the asuoiptmsn that a millionaire works for a corporation. However, if they are a business owner of a company that has a sole proprietorship or a general partner of a limited liabilities corporation, then their personal assets are actually included in the business liabilities. So while their salaries might be de jure separate from their company, in reality their business profits directly effect their personal wealth. For instance, if a business with a sole proprietorship goes under or becomes less than profitable, then the owner is required to pay his personal assets to debters. So if significant taxes were to affect a person, it could very easily affect their business as well