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What the parent is talking about is most likely the yearly tax you have to pay over your (already taxed) savings. E.g. here in The Netherlands you have to pay 4
by stingraycharles 9y ago
What the parent is talking about is most likely the yearly tax you have to pay over your (already taxed) savings. E.g. here in The Netherlands you have to pay 4% tax a year over any savings over 25k euro. This includes anything like investments as well.
The parent is considering that 4% the “rent” after you already paid 52% tax to “buy” it.
- Xylakant 9y agoWhat you pay taxes on doesn’t matter. It’s the part of your income, assets, inheritance that the society decided you have to contribute to be part of it. Call it donation, rent, protection money or stick with a less loaded term and call it taxes.