Question about tax...

[Douglas]

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?

[Trainer Monkey]

No,you only get taxed on the intrest it accrues

[Cortez The Killer]

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

[:::PSL:::]

No. Only if you deposit 10 Gs

[Douglas]

No. Only if you deposit 10 Gs

You mean 10 Gs at one time?

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.

[:::PSL:::]

No. Only if you deposit 10 Gs

You mean 10 Gs at one time?

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.

You're alright then.