Travel company operator Hal Taussig buys his clothes from thrift shops, resoles his shoes and reads magazines for free at the public library.
The 83-year-old founder of Untours also gives away all of his company's profits to help the poor _ more than $5 million since 1999. He is content to live on Social Security.
Taussig takes a salary of $6,000 a year from his firm, but doesn't keep it. It goes to a foundation that channels his company's profits to worthy causes in the form of low-interest loans. (About seven years ago, the IRS forced him to take a paycheck, he said, because they thought he was trying to avoid paying taxes by working for free.)
If he has money left at the end of the month in his personal bank account, he donates it.
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