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Originally Posted by leebase
Taxes are an entirely different subject. The cash in you bank account is property but not property tax.
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Do you mean that it's not taxed as property? If so, then that is true. Most banks do charge monthly fees to store your money, though.
I also want to point out that my post was not just about taxes, though. It was also about the costs to maintain property. I have to pay to maintain my house and car. I have to have a place to store my other property, and that place has to be paid for in some way.
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I imagine when George Lucas sold the rights to Star Wars for $4B, he had to pay taxes.
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Yes...he probably had to pay tax on the capital gains he got (it wouldn't be counted as "income" would it? You don't earn income by selling property, right?) but if he hadn't sold it, he would have been able to keep copyright and not paid anything to maintain it. Even if he never made another penny off of it, he would have been able to keep copyright without paying a penny.