Is it true that, in either my savings or my checking account, if I save up to more than $10,000, the government will start trying to tax me more?
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Is it true that, in either my savings or my checking account, if I save up to more than $10,000, the government will start trying to tax me more?
No,you only get taxed on the intrest it accrues
My unintelligible response which I wouldn't recommend on my worst enemy is invest $500 in a nice semi-automatic handgun and when uncle sam comes to take your money tell him it's gonna be him or you :p
No. Only if you deposit 10 Gs
You mean 10 Gs at one time?Quote:
Originally Posted by Pacstraightleft
I've had some money racking up in my checking account, so I plan on writing a big check to my savings so I can gain interest, but it won't be $10,000 at one time. :cool:
You're alright then.Quote:
Originally Posted by ClubberYou mean 10 Gs at one time?Quote:
Originally Posted by Pacstraightleft
I've had some money racking up in my checking account, so I plan on writing a big check to my savings so I can gain interest, but it won't be $10,000 at one time. :cool: