4 ms·
Savings in the US are not quite disincentivised, but not actively encouraged. You're only taxed on interest, the principal in a savings account isn't taxed.
by olympus 9y ago
Savings in the US are not quite disincentivised, but not actively encouraged. You're only taxed on interest, the principal in a savings account isn't taxed.
- aaronblohowiak 9y ago401k, IRA, 529, etc. all encourage savings.
- deleted 9y ago[deleted]